Stonegate Investment Group LLC Acquires 59,123 Shares of Intel Corporation (NASDAQ:INTC)

Stonegate Investment Group LLC boosted its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 136.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,409 shares of the chip maker's stock after purchasing an additional 59,123 shares during the period. Stonegate Investment Group LLC's holdings in Intel were worth $2,326,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of INTC. Synergy Investment Management LLC bought a new position in shares of Intel in the fourth quarter valued at about $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter worth about $28,000. Conquis Financial LLC acquired a new position in shares of Intel during the fourth quarter worth approximately $32,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Intel during the first quarter valued at approximately $32,000. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. decreased their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Finally, Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Stock Performance

Shares of INTC stock opened at $21.08 on Friday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The company's fifty day simple moving average is $20.53 and its 200-day simple moving average is $21.08. The firm has a market cap of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm 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 revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Equities research analysts expect 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.

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