J.W. Cole Advisors Inc. Has $1.85 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

J.W. Cole Advisors Inc. lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 195.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,506 shares of the chip maker's stock after acquiring an additional 53,946 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Intel were worth $1,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc boosted its holdings in shares of Intel by 23.0% in the 1st quarter. IFP Advisors Inc now owns 147,755 shares of the chip maker's stock worth $3,356,000 after acquiring an additional 27,645 shares in the last quarter. Elyxium Wealth LLC bought a new position in Intel in the 1st quarter worth approximately $223,000. Copperwynd Financial LLC raised its position in Intel by 19.2% in the 1st quarter. Copperwynd Financial LLC now owns 37,416 shares of the chip maker's stock worth $850,000 after purchasing an additional 6,018 shares during the last quarter. Calton & Associates Inc. bought a new position in Intel in the 1st quarter worth approximately $1,000,000. Finally, FAS Wealth Partners Inc. raised its position in Intel by 7.2% in the 1st quarter. FAS Wealth Partners Inc. now owns 20,748 shares of the chip maker's stock worth $471,000 after purchasing an additional 1,400 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 8.5%

NASDAQ INTC traded down $1.93 on Friday, reaching $20.70. The company had a trading volume of 244,366,959 shares, compared to its average volume of 71,245,776. The firm has a market capitalization of $90.29 billion, a price-to-earnings ratio of -4.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $31.56. The company's fifty day moving average is $21.64 and its 200-day moving average is $21.50.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. Intel's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. On average, research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Rosenblatt Securities restated a "sell" rating and issued a $14.00 price objective on shares of Intel in a research report on Friday. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday. Finally, Cantor Fitzgerald dropped their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $22.30.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.