CWA Asset Management Group LLC Increases Stake in Intel Corporation (NASDAQ:INTC)

CWA Asset Management Group LLC lifted its stake in Intel Corporation (NASDAQ:INTCFree Report) by 43.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,520 shares of the chip maker’s stock after purchasing an additional 6,207 shares during the quarter. CWA Asset Management Group LLC’s holdings in Intel were worth $466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter valued at approximately $28,000. Conquis Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $32,000. Finally, Pillar Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 1.9%

Shares of NASDAQ:INTC opened at $21.08 on Friday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The firm has a market capitalization of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The business’s 50 day moving average price is $20.53 and its 200-day moving average price is $21.08.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The company 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%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INTC shares. UBS Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Mizuho cut their price target on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Finally, Rosenblatt Securities cut their price target on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.57.

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Intel Profile

(Free Report)

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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