Vise Technologies Inc. bought a new stake in Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 43,236 shares of the chip maker’s stock, valued at approximately $968,000.
Several other hedge funds also recently made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new position in Intel during the first quarter worth $25,000. HFM Investment Advisors LLC bought a new stake in Intel during the 1st quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the 1st quarter worth about $27,000. West Branch Capital LLC bought a new position in shares of Intel in the 2nd quarter valued at about $28,000. Finally, PrairieView Partners LLC grew its holdings in shares of Intel by 77.0% in the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock valued at $31,000 after acquiring an additional 608 shares in the last quarter. 64.53% of the stock is owned by institutional investors.
Intel Stock Down 5.2%
Intel stock opened at $35.91 on Friday. The company’s 50-day moving average price is $34.41 and its two-hundred day moving average price is $26.19. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The stock has a market cap of $171.54 billion, a P/E ratio of 3,594.59 and a beta of 1.31. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $42.48.
Analysts Set New Price Targets
Several research analysts recently commented on INTC shares. Wedbush increased their price target on Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Intel in a research note on Wednesday, October 8th. UBS Group increased their price objective on Intel from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Mizuho upped their price target on shares of Intel from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $34.84.
Get Our Latest Analysis on Intel
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.
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