Toronto Dominion Bank Grows Holdings in Intel Co. (NASDAQ:INTC)

Toronto Dominion Bank lifted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 286.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,529,354 shares of the chip maker's stock after purchasing an additional 7,806,882 shares during the period. Toronto Dominion Bank owned about 0.24% of Intel worth $211,114,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC increased its position in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after acquiring an additional 19,625 shares during the period. Empirical Asset Management LLC acquired a new position in Intel during the 4th quarter worth approximately $276,000. Freestone Grove Partners LP purchased a new position in shares of Intel during the 4th quarter worth approximately $62,654,000. Rheos Capital Works Inc. raised its stake in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after buying an additional 30,000 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its stake in shares of Intel by 1.9% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after buying an additional 15,214 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on INTC shares. Morgan Stanley cut their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. StockNews.com raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.67.

Intel Price Performance

Shares of Intel stock traded up $0.11 on Friday, reaching $21.66. 55,062,379 shares of the stock were exchanged, compared to its average volume of 80,659,741. The firm has a market cap of $94.48 billion, a PE ratio of -4.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm's 50 day moving average is $21.40 and its 200-day moving average is $21.68. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. Intel's quarterly revenue was down .4% on a year-over-year basis. As a group, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

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.