Wedmont Private Capital bought a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,424 shares of the chip maker's stock, valued at approximately $418,000.
Several other large investors have also made changes to their positions in INTC. Strategic Financial Concepts LLC bought a new position in Intel in the 4th quarter worth approximately $782,000. Golden State Wealth Management LLC bought a new stake in shares of Intel during the fourth quarter worth $73,000. Kestra Private Wealth Services LLC lifted its stake in shares of Intel by 9.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 154,098 shares of the chip maker's stock valued at $3,090,000 after acquiring an additional 13,192 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Intel during the fourth quarter valued at $100,000. Finally, Angeles Wealth Management LLC boosted its holdings in Intel by 5.7% in the fourth quarter. Angeles Wealth Management LLC now owns 12,520 shares of the chip maker's stock valued at $251,000 after acquiring an additional 676 shares during the last quarter. Institutional investors own 64.53% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on INTC shares. Sanford C. Bernstein dropped their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald dropped their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Mizuho reduced their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Rosenblatt Securities dropped their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $21.57.
Check Out Our Latest Analysis on INTC
Intel Stock Down 0.5%
Shares of Intel stock traded down $0.11 during trading hours on Thursday, reaching $20.57. 27,377,081 shares of the company's stock were exchanged, compared to its average volume of 82,882,574. The stock has a market cap of $89.73 billion, a P/E ratio of -4.70 and a beta of 1.12. The company has a 50 day moving average of $20.37 and a two-hundred day moving average of $21.21. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. 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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. On average, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel 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.
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