Jericho Financial LLP grew its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 60.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 164,099 shares of the chip maker's stock after acquiring an additional 62,093 shares during the quarter. Intel comprises approximately 2.7% of Jericho Financial LLP's holdings, making the stock its 20th largest position. Jericho Financial LLP's holdings in Intel were worth $3,727,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of INTC. Synergy Investment Management LLC acquired a new stake in Intel in the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter valued at approximately $28,000. Conquis Financial LLC acquired a new position in Intel in the fourth quarter worth approximately $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in Intel in the first quarter worth approximately $32,000. Institutional investors own 64.53% of the company's stock.
Intel Stock Up 6.4%
Shares of INTC stock traded up $1.36 on Tuesday, hitting $22.55. The company's stock had a trading volume of 130,141,816 shares, compared to its average volume of 84,776,892. The stock has a market capitalization of $98.36 billion, a price-to-earnings ratio of -5.03 and a beta of 1.12. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm's fifty day moving average price is $20.60 and its 200-day moving average price is $21.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Citigroup reiterated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Cantor Fitzgerald cut their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.57.
View Our Latest Report on INTC
Intel Profile
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Free Report)
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.
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