Retirement Planning Co of New England Inc. Has $1.27 Million Stock Position in Intel Corporation (NASDAQ:INTC)

Retirement Planning Co of New England Inc. lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 72.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 55,965 shares of the chip maker's stock after purchasing an additional 23,592 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in Intel were worth $1,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. LFA Lugano Financial Advisors SA bought a new stake in Intel in the 1st quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the 4th quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. bought a new stake in Intel in the 1st quarter valued at approximately $32,000. Olde Wealth Management LLC bought a new stake in Intel in the 1st quarter valued at approximately $31,000. Finally, EQ Wealth Advisors LLC bought a new stake in Intel in the 1st quarter valued at approximately $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC stock traded up $0.30 on Friday, hitting $23.10. 60,111,927 shares of the company's stock were exchanged, compared to its average volume of 86,190,552. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $36.30. The stock has a market cap of $100.76 billion, a P/E ratio of -5.16 and a beta of 1.15. The company has a 50 day moving average of $21.53 and a 200 day moving average of $21.38.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The business 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%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. On average, equities research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INTC shares. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company dropped their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of "Hold" and an average target price of $21.95.

About Intel

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.