33,160 Shares in Intel Corporation (NASDAQ:INTC) Bought by Trek Financial LLC

Trek Financial LLC purchased a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,160 shares of the chip maker's stock, valued at approximately $753,000.

A number of other large investors have also added to or reduced their stakes in INTC. Norges Bank bought a new stake in Intel in the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP bought a new stake in Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP bought a new stake in Intel in the 4th quarter valued at $237,457,000. Toronto Dominion Bank raised 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 during the period. Finally, Northern Trust Corp grew its holdings in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. reduced 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. Finally, UBS Group reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $21.76.

Intel Trading Down 0.6%

Shares of Intel stock traded down $0.15 during midday trading on Wednesday, reaching $23.44. The company had a trading volume of 70,092,232 shares, compared to its average volume of 86,435,727. The stock has a fifty day moving average price of $21.13 and a 200 day moving average price of $21.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The firm has a market cap of $102.25 billion, a PE ratio of -5.23 and a beta of 1.15. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share 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.