Vivaldi Capital Management LP acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 190,259 shares of the chip maker's stock, valued at approximately $3,860,000.
Several other institutional investors have also bought and sold shares of INTC. Empirical Asset Management LLC acquired a new stake in Intel in the 4th quarter valued at about $276,000. Freestone Grove Partners LP acquired a new stake in Intel in the 4th quarter valued at about $62,654,000. Rheos Capital Works Inc. lifted its holdings in Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the last quarter. Clifford Swan Investment Counsel LLC lifted its holdings in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after acquiring an additional 15,214 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings 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 last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Wall Street Analysts Forecast Growth
INTC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.57.
Check Out Our Latest Analysis on INTC
Intel Stock Down 2.7%
Shares of INTC traded down $0.58 during trading hours on Wednesday, reaching $20.69. The company's stock had a trading volume of 62,736,907 shares, compared to its average volume of 80,739,915. The firm has a market cap of $90.25 billion, a price-to-earnings ratio of -4.72 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $21.36 and a two-hundred day moving average of $21.66.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm's revenue was down .4% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Company Profile
(
Free Report)
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.
Further Reading
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
