Intel Corporation (NASDAQ:INTC) Shares Bought by Spire Wealth Management

Spire Wealth Management boosted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 156.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,901 shares of the chip maker's stock after buying an additional 39,581 shares during the quarter. Spire Wealth Management's holdings in Intel were worth $1,474,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Freestone Grove Partners LP purchased a new position in shares of Intel in the fourth quarter valued at approximately $62,654,000. Clifford Swan Investment Counsel LLC boosted its stake in shares of Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after purchasing an additional 15,214 shares during the period. Toronto Dominion Bank boosted its stake in shares of 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 purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC raised its holdings 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 acquiring an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC acquired a new stake in Intel in the fourth quarter valued at approximately $2,379,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of Intel stock traded up $0.19 during trading on Friday, reaching $22.69. The company's stock had a trading volume of 95,427,163 shares, compared to its average volume of 85,090,124. The company has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $21.10. The firm has a market cap of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $0.18 EPS. On average, analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on INTC shares. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. 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 report on Wednesday, April 16th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.57.

Intel 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.