17,661 Shares in Intel Corporation (NASDAQ:INTC) Bought by Rational Advisors Inc.

Rational Advisors Inc. bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,661 shares of the chip maker's stock, valued at approximately $401,000.

Several other large investors also recently modified their holdings of the stock. Freestone Grove Partners LP acquired a new stake in Intel in the fourth quarter valued at about $62,654,000. Toronto Dominion Bank boosted its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in 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. Alteri Wealth LLC acquired a new stake in Intel in the fourth quarter valued at about $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in Intel by 120.7% in 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 in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. UBS Group dropped their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.76.

Intel Stock Down 1.6%

Shares of NASDAQ INTC traded down $0.39 during midday trading on Friday, hitting $23.43. 49,292,320 shares of the stock traded hands, compared to its average volume of 86,376,997. The company has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The business has a 50 day moving average price of $21.33 and a two-hundred day moving average price of $21.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

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