TD Asset Management Inc Has $61.60 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• TD Asset Management Inc increased its stake in Intel Corporation by 25.6% in the first quarter, acquiring an additional 552,189 shares to total approximately 2.7 million shares.
• Intel reported a quarterly earnings per share (EPS) of ($0.10), missing analysts' expectations, although revenue of $12.86 billion exceeded forecasts.
• Wall Street analysts have mixed views on Intel, with 26 holding ratings, 6 sell ratings, and an average price target of $22.30.

TD Asset Management Inc lifted its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 25.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,712,503 shares of the chip maker's stock after purchasing an additional 552,189 shares during the quarter. TD Asset Management Inc owned 0.06% of Intel worth $61,601,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cornerstone Advisory LLC raised its position in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares during the last quarter. Evergreen Capital Management LLC raised its position in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares during the last quarter. Federated Hermes Inc. raised its position in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares in the last quarter. Finally, Capital International Sarl grew its stake in Intel by 4.1% in the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on INTC shares. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. UBS Group raised their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Finally, Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average target price of $22.30.

Intel Price Performance

NASDAQ INTC traded down $0.40 during midday trading on Thursday, hitting $19.94. The company had a trading volume of 41,189,201 shares, compared to its average volume of 93,428,492. The company has a market capitalization of $87.28 billion, a PE ratio of -4.18 and a beta of 1.15. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $21.61 and a 200-day moving average price of $21.51. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $30.87.

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