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Mesirow Financial Investment Management Inc. Has $830,000 Stake in Intel Corporation (NASDAQ:INTC)

Intel logo with Computer and Technology background

Key Points

  • Mesirow Financial Investment Management Inc. has reduced its stake in Intel Corporation by 52%, selling 39,589 shares and now holding 36,555 shares valued at approximately $830,000.
  • Intel's stock has received a consensus rating of "Hold" from analysts, with a target price of $22.30, while the company recently reported an EPS of -$0.10 for the last quarter, missing estimates.
  • Intel has a market capitalization of $86.66 billion and its stock performance reflects a 12-month range of $17.67 to $30.87.
  • Interested in Intel? Here are five stocks we like better.

Mesirow Financial Investment Management Inc. decreased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,555 shares of the chip maker's stock after selling 39,589 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Intel were worth $830,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Orion Portfolio Solutions LLC boosted its stake in Intel by 5.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 99,938 shares of the chip maker's stock valued at $2,004,000 after buying an additional 5,069 shares in the last quarter. StoneX Group Inc. boosted its stake in Intel by 53.2% during the fourth quarter. StoneX Group Inc. now owns 17,209 shares of the chip maker's stock valued at $345,000 after buying an additional 5,977 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Intel by 56.5% during the fourth quarter. Westpac Banking Corp now owns 74,320 shares of the chip maker's stock valued at $1,490,000 after purchasing an additional 26,824 shares during the last quarter. Grant Private Wealth Management Inc purchased a new stake in shares of Intel during the fourth quarter valued at $336,000. Finally, Atlas Capital Advisors Inc. lifted its holdings in shares of Intel by 2,027.3% during the fourth quarter. Atlas Capital Advisors Inc. now owns 10,296 shares of the chip maker's stock valued at $206,000 after purchasing an additional 9,812 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. JPMorgan Chase & Co. upped their target price on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Six investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $22.30.

Get Our Latest Stock Analysis on INTC

Intel Stock Down 2.5%

Shares of NASDAQ INTC traded down $0.49 during mid-day trading on Friday, reaching $19.31. 86,281,416 shares of the company traded hands, compared to its average volume of 78,192,736. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market cap of $84.52 billion, a PE ratio of -4.05 and a beta of 1.22. The company's fifty day moving average is $21.59 and its two-hundred day moving average is $21.51. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55.

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

Intel Profile

(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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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