NBC Securities Inc. Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

NBC Securities Inc. boosted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 114,936.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,654 shares of the chip maker's stock after buying an additional 12,643 shares during the quarter. NBC Securities Inc.'s holdings in Intel were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. General Pension Society PZU Joint Stock Co grew its position in shares of Intel by 45.6% during the 1st quarter. General Pension Society PZU Joint Stock Co now owns 1,309,000 shares of the chip maker's stock valued at $29,727,000 after acquiring an additional 410,000 shares during the period. Czech National Bank grew its holdings in Intel by 6.4% in the first quarter. Czech National Bank now owns 994,534 shares of the chip maker's stock valued at $22,586,000 after purchasing an additional 59,390 shares during the period. 180 Wealth Advisors LLC increased its position in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares in the last quarter. Mechanics Bank Trust Department purchased a new position in shares of Intel during the 1st quarter valued at approximately $418,000. Finally, Fifth Third Wealth Advisors LLC grew its stake in Intel by 1.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 39,923 shares of the chip maker's stock valued at $907,000 after acquiring an additional 651 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Up 0.4%

Intel stock traded up $0.07 during trading on Friday, hitting $20.06. The company had a trading volume of 69,920,070 shares, compared to its average volume of 82,032,178. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.12. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company's 50 day simple moving average is $20.39 and its 200-day simple moving average is $21.26.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The company's revenue was down .4% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 report on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Cantor Fitzgerald reduced their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded 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 given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.57.

Intel Company 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.