Valmark Advisers Inc. Acquires New Shares in Intel Corporation (NASDAQ:INTC)

Valmark Advisers Inc. acquired a new stake in Intel Corporation (NASDAQ:INTC) during the first quarter, Holdings Channel reports. The fund acquired 8,940 shares of the chip maker’s stock, valued at approximately $203,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Advisory LLC lifted its holdings in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after acquiring an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital International Sarl lifted its holdings in Intel by 4.1% in the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker’s stock valued at $260,000 after acquiring an additional 510 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Barclays restated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Citigroup restated a “sell” rating on shares of Intel in a research note on Friday, April 25th. Finally, UBS Group decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Six equities research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.57.

Intel Stock Performance

NASDAQ:INTC opened at $22.20 on Thursday. The firm has a market capitalization of $96.84 billion, a PE ratio of -4.96 and a beta of 1.12. The business’s fifty day moving average price is $20.66 and its 200 day moving average price is $21.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC) last posted 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 analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.