Intel Corporation (NASDAQ:INTC) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 62.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,357 shares of the chip maker's stock after buying an additional 21,642 shares during the quarter. Signaturefd LLC's holdings in Intel were worth $1,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC increased its position in shares of Intel by 29.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 17,179 shares of the chip maker's stock worth $390,000 after purchasing an additional 3,928 shares in the last quarter. Bleakley Financial Group LLC increased its position in Intel by 4.5% during the first quarter. Bleakley Financial Group LLC now owns 47,367 shares of the chip maker's stock worth $1,076,000 after buying an additional 2,060 shares during the period. LRI Investments LLC lifted its stake in Intel by 20.5% in the first quarter. LRI Investments LLC now owns 18,069 shares of the chip maker's stock valued at $410,000 after buying an additional 3,071 shares during the last quarter. CWM LLC boosted its holdings in shares of Intel by 25.6% in the first quarter. CWM LLC now owns 348,965 shares of the chip maker's stock valued at $7,925,000 after acquiring an additional 71,088 shares during the period. Finally, TFR Capital LLC. acquired a new stake in shares of Intel in the first quarter valued at approximately $333,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on INTC. Rosenblatt Securities dropped their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Five 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 stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $21.95.

Intel Trading Up 0.6%

NASDAQ INTC traded up $0.13 during trading hours on Thursday, hitting $22.82. 35,583,377 shares of the company's stock were exchanged, compared to its average volume of 86,349,500. The business's 50 day moving average is $21.50 and its 200-day moving average is $21.36. 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 Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a market capitalization of $99.52 billion, a P/E ratio of -5.09 and a beta of 1.15.

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