Kingswood Wealth Advisors LLC Has $3.10 Million Stake in Intel Corporation (NASDAQ:INTC)

Kingswood Wealth Advisors LLC boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 147.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,965 shares of the chip maker's stock after purchasing an additional 82,724 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Intel were worth $3,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cornerstone Advisory LLC lifted its position in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital International Sarl lifted its holdings in Intel by 4.1% in the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after acquiring an additional 510 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities dropped their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Citigroup reiterated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.41 on Friday, hitting $21.08. 133,366,010 shares of the company were exchanged, compared to its average volume of 84,462,251. The company's 50 day moving average price is $20.50 and its two-hundred day moving average price is $21.08. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market capitalization of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Profile

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.