18,338 Shares in Intel Corporation (NASDAQ:INTC) Bought by Strategic Advocates LLC

Key Points

• Strategic Advocates LLC has acquired an $416,000 position in Intel Corporation (NASDAQ: INTC), purchasing 18,338 shares during the first quarter.
• Intel's recent quarterly report showed a loss of ($0.10) earnings per share, missing analyst expectations, despite generating $12.86 billion in revenue.
• According to analyst coverage, Intel currently holds a consensus rating of "Hold" with an average price target of $22.30.

Strategic Advocates LLC acquired a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,338 shares of the chip maker's stock, valued at approximately $416,000.

A number of other large investors have also recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel during the first quarter worth about $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel during the first quarter worth about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel during the first quarter worth about $30,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intel during the first quarter worth about $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup reissued a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. Wall Street Zen downgraded shares of Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Loop Capital started coverage on shares of Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price objective for the company. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.30.

Intel Stock Down 2.5%

INTC stock traded down $0.49 during midday trading on Friday, hitting $19.31. The company's stock had a trading volume of 86,281,416 shares, compared to its average volume of 78,192,736. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55. The firm has a market capitalization of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22. The firm has a 50-day simple moving average of $21.58 and a 200-day simple moving average of $21.51.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. Intel's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. As a group, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.