Greykasell Wealth Strategies Inc. Acquires New Shares in Intel Corporation (NASDAQ:INTC)

Greykasell Wealth Strategies Inc. bought a new position in shares of Intel Corporation (NASDAQ:INTC) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,856 shares of the chip maker’s stock, valued at approximately $42,000.

Other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP bought a new stake in Intel during the 4th quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel in the fourth quarter valued at approximately $237,457,000. Goldman Sachs Group Inc. increased its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after acquiring an additional 10,719,274 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock worth $8,570,537,000 after acquiring an additional 8,291,233 shares during the period. Finally, Toronto Dominion Bank lifted its position in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on INTC. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Barclays reissued a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price target on Intel from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, July 25th. Morgan Stanley reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 price objective on shares of Intel in a report on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.17.

Intel Stock Up 1.1%

INTC stock opened at $20.41 on Thursday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The business’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $21.51. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $89.33 billion, a PE ratio of -4.28 and a beta of 1.22.

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