TFR Capital LLC. Makes New $333,000 Investment in Intel Corporation (NASDAQ:INTC)

TFR Capital LLC. bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,683 shares of the chip maker's stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Intel during the 4th quarter worth about $1,246,569,000. Two Sigma Advisers LP acquired a new stake in Intel in the 4th quarter valued at approximately $289,752,000. Two Sigma Investments LP acquired a new stake in Intel in the 4th quarter valued at approximately $237,457,000. Toronto Dominion Bank lifted its stake in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.39 during trading on Friday, reaching $23.43. 49,292,320 shares of the stock were exchanged, compared to its average volume of 86,471,713. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a 50-day moving average price of $21.33 and a 200-day moving average price of $21.31. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm'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. Research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Rosenblatt Securities cut their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus price target of $21.76.

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.