Trek Financial LLC Purchases New Position in Intel Corporation (NASDAQ:INTC)

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

A number of other large investors have also bought and sold shares of INTC. Freestone Grove Partners LP acquired a new stake in Intel in the fourth quarter valued at $62,654,000. Toronto Dominion Bank raised its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC increased its holdings in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Alteri Wealth LLC acquired a new position in shares of Intel in the fourth quarter valued at $2,379,000. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in shares of Intel by 120.7% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Mizuho lifted their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.76.

Intel Stock Down 1.6%

Shares of INTC stock traded down $0.39 during trading hours on Friday, reaching $23.43. 49,291,555 shares of the company's stock were exchanged, compared to its average volume of 86,252,546. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The stock has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. 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 stock's fifty day moving average price is $21.27 and its two-hundred day moving average price is $21.29.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Intel 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.