Trust Asset Management LLC Raises Stock Holdings in Intel Corporation (NASDAQ:INTC)

Trust Asset Management LLC grew its stake in Intel Corporation (NASDAQ:INTC) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,229 shares of the chip maker’s stock after purchasing an additional 2,115 shares during the period. Trust Asset Management LLC’s holdings in Intel were worth $1,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTC. N.E.W. Advisory Services LLC acquired a new stake in Intel in the first quarter valued at $25,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the first quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Intel in the first quarter valued at $30,000. Finally, Olde Wealth Management LLC acquired a new stake in Intel in the first quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 0.9%

Intel stock opened at $19.95 on Monday. The business has a 50 day moving average price of $21.56 and a two-hundred day moving average price of $21.48. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $87.32 billion, a price-to-earnings ratio of -4.18 and a beta of 1.22. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the previous year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They issued a “hold” rating and a $25.00 target price on the stock. Stifel Nicolaus upped their target price on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a report on Monday, July 21st. Wall Street Zen lowered Intel from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.17.

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.