Baugh & Associates LLC Increases Stock Position in Intel Corporation (NASDAQ:INTC)

Baugh & Associates LLC grew its holdings in Intel Corporation (NASDAQ:INTC) by 70.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,372 shares of the chip maker’s stock after purchasing an additional 90,289 shares during the quarter. Intel makes up approximately 2.4% of Baugh & Associates LLC’s portfolio, making the stock its 22nd largest holding. Baugh & Associates LLC’s holdings in Intel were worth $4,741,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Freestone Grove Partners LP purchased a new stake in shares of Intel in the fourth quarter valued at $62,654,000. Clifford Swan Investment Counsel LLC lifted its holdings in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after purchasing an additional 15,214 shares in the last quarter. Toronto Dominion Bank raised its holdings 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 during the last quarter. 180 Wealth Advisors LLC lifted its stake in shares of Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after purchasing an additional 71,049 shares during the period. Finally, Alteri Wealth LLC purchased a new stake in shares of Intel in the fourth quarter valued at $2,379,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the subject of a number of research analyst reports. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Morgan Stanley lowered 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, Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.57.

Intel Trading Down 1.6%

Intel stock opened at $22.20 on Thursday. The firm has a 50-day moving average price of $20.66 and a two-hundred day moving average price of $21.09. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $37.16. The firm has a market capitalization of $96.84 billion, a price-to-earnings ratio of -4.96 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during 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 business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. Sell-side analysts expect that Intel Corporation will post -0.11 earnings per share 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.