Intel Corporation (NASDAQ:INTC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 33.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 666,600 shares of the chip maker's stock after acquiring an additional 168,103 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Intel were worth $15,138,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTC. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter valued at $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter valued at $28,000. Conquis Financial LLC bought a new stake in shares of Intel in the 4th quarter worth about $32,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth about $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

INTC stock traded up $1.36 during trading on Tuesday, reaching $22.55. The company had a trading volume of 130,141,816 shares, compared to its average volume of 84,776,892. The firm has a 50-day simple moving average of $20.55 and a 200-day simple moving average of $21.07. The company has a market cap of $98.36 billion, a price-to-earnings ratio of -5.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. As a group, sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Finally, Susquehanna lowered their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and an average price target of $21.57.

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.