Townsquare Capital LLC Acquires 21,759 Shares of Intel Corporation (NASDAQ:INTC)

Townsquare Capital LLC boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 31.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,366 shares of the chip maker's stock after acquiring an additional 21,759 shares during the quarter. Townsquare Capital LLC's holdings in Intel were worth $2,052,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in Intel in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Intel in the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new position in Intel in the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter valued at about $27,000. Finally, PrairieView Partners LLC lifted its position in Intel by 77.0% in the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 25th. Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Loop Capital started coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.17.

Intel Stock Up 5.6%

Intel stock opened at $21.81 on Wednesday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The firm has a market capitalization of $95.46 billion, a price-to-earnings ratio of -4.57 and a beta of 1.22. 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 simple moving average of $21.61 and a 200 day simple moving average of $21.48.

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 for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Intel Corporation will post -0.11 earnings per share for the current 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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