Hohimer Wealth Management LLC Has $449,000 Position in Intel Corporation (NASDAQ:INTC)

Hohimer Wealth Management LLC raised its stake in shares of Intel Corporation (NASDAQ:INTC) by 38.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,755 shares of the chip maker’s stock after purchasing an additional 5,500 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Intel were worth $449,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel in the 1st quarter valued at approximately $30,000. Olde Wealth Management LLC acquired a new position in shares of Intel in the 1st quarter valued at approximately $31,000. Conquis Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Intel in the 1st quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 0.6%

Shares of Intel stock opened at $23.30 on Tuesday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a market cap of $101.63 billion, a P/E ratio of -5.20 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $21.39 and its 200-day moving average is $21.34.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho boosted their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Citigroup reiterated a “hold” rating on shares of Intel in a research report on Tuesday, July 8th. Cantor Fitzgerald decreased their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company cut their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Finally, Rosenblatt Securities cut their target price on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.95.

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.