Ballew Advisors Inc Acquires 700 Shares of Intel Co. (NASDAQ:INTC)

Ballew Advisors Inc raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,515 shares of the chip maker’s stock after acquiring an additional 700 shares during the quarter. Ballew Advisors Inc’s holdings in Intel were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Freestone Grove Partners LP bought a new stake in Intel during the fourth quarter valued at about $62,654,000. Clifford Swan Investment Counsel LLC increased its holdings in shares of Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after purchasing an additional 15,214 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Intel by 124.9% in the first 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 last quarter. Finally, Alteri Wealth LLC bought a new stake in shares of Intel in the fourth quarter worth about $2,379,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 0.4%

Shares of NASDAQ:INTC opened at $20.77 on Friday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The business has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $21.19. The firm has a market capitalization of $90.60 billion, a PE ratio of -4.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 3.27% and a negative net margin of 35.32%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. UBS Group reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Cfra Research raised Intel to a “hold” rating in a report on Friday, April 25th. Wells Fargo & Company reduced their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein reduced 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. Finally, Barclays reaffirmed a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Six investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.57.

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.