Intel Corporation (NASDAQ:INTC) Shares Acquired by Tempus Wealth Planning LLC

Key Points

• Tempus Wealth Planning LLC increased its holdings in Intel Corporation by 283.5% in the first quarter, now owning 40,535 shares valued at approximately $921,000.
• Wall Street analysts maintain a consensus rating of "Hold" on Intel stock, with price targets ranging from $19.00 to $23.00.
• Intel's recent quarterly earnings showed a loss of ($0.10) EPS, missing the consensus estimate, despite revenues of $12.86 billion, exceeding analyst expectations.

Tempus Wealth Planning LLC grew its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 283.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,535 shares of the chip maker's stock after purchasing an additional 29,964 shares during the period. Tempus Wealth Planning LLC's holdings in Intel were worth $921,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel during the 1st quarter valued at $30,000. Olde Wealth Management LLC bought a new stake in Intel during the 1st quarter valued at $31,000. Conquis Financial LLC bought a new stake in Intel during the 4th quarter valued at $32,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Intel during the 1st quarter valued at $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Intel stock traded up $0.12 during trading hours on Monday, hitting $20.82. 50,228,310 shares of the stock traded hands, compared to its average volume of 93,679,656. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The firm's 50 day moving average price is $21.64 and its 200-day moving average price is $21.51. The stock has a market capitalization of $90.80 billion, a price-to-earnings ratio of -4.36 and a beta of 1.15. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $31.47.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS. As a group, equities analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INTC shares. Sanford C. Bernstein decreased their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 target price on shares of Intel in a research report on Friday. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Morgan Stanley cut their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.30.

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.