K.J. Harrison & Partners Inc Has $2.56 Million Stock Position in Intel Corporation (NASDAQ:INTC)

K.J. Harrison & Partners Inc raised its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 163.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,770 shares of the chip maker's stock after buying an additional 70,000 shares during the period. K.J. Harrison & Partners Inc's holdings in Intel were worth $2,561,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intel during the fourth quarter worth $1,246,569,000. Two Sigma Advisers LP acquired a new position in shares of Intel during the fourth quarter worth $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel during the fourth quarter worth $237,457,000. Toronto Dominion Bank lifted its holdings in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 0.8%

INTC opened at $22.69 on Friday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market cap of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.12. The company has a fifty day moving average price of $20.81 and a two-hundred day moving average price of $21.13.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.18 earnings per share. Analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Wedbush cut their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein cut their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $21.57.

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.

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