Van Strum & Towne Inc. Makes New Investment in Intel Corporation (NASDAQ:INTC)

Van Strum & Towne Inc. bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,025 shares of the chip maker's stock, valued at approximately $250,000.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Vanguard Group Inc. lifted its position in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after acquiring an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new stake in shares of Intel during the 4th quarter valued at $1,246,569,000. Finally, Northern Trust Corp lifted its position in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.39 during midday trading on Monday, reaching $23.49. The company's stock had a trading volume of 6,135,246 shares, compared to its average volume of 85,969,227. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $33.41. The firm has a 50 day moving average price of $21.57 and a 200-day moving average price of $21.42. The stock has a market capitalization of $102.47 billion, a P/E ratio of -5.25 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. Intel's quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Susquehanna cut their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Wedbush cut their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. UBS Group boosted their target price on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $22.12.

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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