Peregrine Asset Advisers Inc. Buys 83,664 Shares of Intel Corporation (NASDAQ:INTC)

Peregrine Asset Advisers Inc. boosted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 541.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,104 shares of the chip maker's stock after acquiring 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 reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new stake in Intel during the fourth quarter worth about $62,654,000. Toronto Dominion Bank raised 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 valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings 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 valued at $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Alteri Wealth LLC purchased a new stake in Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after buying an additional 35,000 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 0.1%

INTC stock traded down $0.02 during mid-day trading on Tuesday, reaching $23.24. The company had a trading volume of 53,445,722 shares, compared to its average volume of 86,037,893. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $21.57 and a two-hundred day simple moving average of $21.42. The company has a market capitalization of $101.37 billion, a price-to-earnings ratio of -5.19 and a beta of 1.15. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $33.41.

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

Analysts Set New Price Targets

Several equities analysts have commented on INTC shares. Cfra Research upgraded shares of Intel to a "hold" rating in a research report on Friday, April 25th. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Loop Capital started coverage on shares of Intel in a research report on Monday. They set a "hold" rating and a $25.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Finally, Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $22.25.

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.