MJP Associates Inc. ADV acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,115 shares of the chip maker's stock, valued at approximately $252,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter worth about $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intel during the first quarter worth about $30,000. Olde Wealth Management LLC bought a new position in shares of Intel during the first quarter worth about $31,000. Conquis Financial LLC bought a new position in shares of Intel during the fourth quarter worth about $32,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Intel during the first quarter worth about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
INTC has been the topic of several research reports. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Rosenblatt Securities dropped their price objective 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. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and an average target price of $21.76.
Read Our Latest Analysis on Intel
Intel Trading Down 1.6%
Shares of NASDAQ:INTC opened at $23.43 on Friday. The stock has a market capitalization of $102.20 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. Intel Corporation has a 1-year low of $17.67 and a 1-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 company has a 50 day moving average price of $21.33 and a 200 day moving average price of $21.31.
Intel (NASDAQ:INTC - Get Free Report) last issued its 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 firm had revenue of $12.67 billion during 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% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. On average, research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.
Intel Company 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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