Intel Corporation (NASDAQ:INTC) Shares Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 541.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,104 shares of the chip maker's stock after buying an additional 83,664 shares during the period. Peregrine Asset Advisers Inc.'s holdings in Intel were worth $2,251,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Freestone Grove Partners LP acquired a new stake in Intel in the 4th quarter worth approximately $62,654,000. Toronto Dominion Bank lifted its stake 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 buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC lifted its stake in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after buying an additional 71,049 shares during the period. Alteri Wealth LLC acquired a new stake in shares of Intel during the fourth quarter worth $2,379,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after buying an additional 35,000 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Loop Capital initiated coverage on Intel in a research report on Monday. They set a "hold" rating and a $25.00 price target for the company. Rosenblatt Securities decreased their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Morgan Stanley decreased 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 note on Friday, April 25th. Susquehanna decreased their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus price target of $22.25.

Intel Price Performance

INTC stock traded down $0.78 during mid-day trading on Thursday, reaching $22.71. The company's stock had a trading volume of 61,993,848 shares, compared to its average volume of 92,388,406. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $31.99. 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 stock has a market cap of $99.08 billion, a PE ratio of -5.07 and a beta of 1.15. The company's 50 day moving average is $21.64 and its two-hundred day moving average is $21.47.

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

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.