Intel Corporation (NASDAQ:INTC) Shares Acquired by Steph & Co.

Steph & Co. increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 49.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,967 shares of the chip maker’s stock after purchasing an additional 2,316 shares during the period. Steph & Co.’s holdings in Intel were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter worth $27,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth $27,000. Mizuho Securities Co. Ltd. purchased a new position in Intel in the 1st quarter valued at about $32,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter valued at about $28,000. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Intel during the first quarter worth about $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wedbush lowered their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. UBS Group cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities decreased their target price on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Finally, Seaport Res Ptn upgraded Intel to a “strong sell” rating in a report on Wednesday, April 30th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $21.57.

Intel Price Performance

Shares of INTC opened at $22.55 on Wednesday. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The stock’s fifty day moving average is $20.60 and its 200-day moving average is $21.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market capitalization of $98.36 billion, a price-to-earnings ratio of -5.03 and a beta of 1.12.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for 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 quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Intel 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.