Intel Corporation (NASDAQ:INTC) Shares Acquired by Evolution Wealth Advisors LLC

Evolution Wealth Advisors LLC increased its position in Intel Corporation (NASDAQ:INTC) by 17.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,214 shares of the chip maker’s stock after acquiring an additional 1,999 shares during the period. Evolution Wealth Advisors LLC’s holdings in Intel were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INTC. Freestone Grove Partners LP acquired a new stake in shares of Intel during the fourth quarter worth $62,654,000. Toronto Dominion Bank raised its position in shares of Intel by 286.8% during 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 period. 180 Wealth Advisors LLC raised its position in shares of Intel by 124.9% during 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 period. Alteri Wealth LLC acquired a new stake in shares of Intel during the fourth quarter worth $2,379,000. Finally, Gordian Capital Singapore Pte Ltd raised its position in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker’s stock worth $1,282,000 after purchasing an additional 35,000 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Seaport Res Ptn raised Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research report on Wednesday, May 21st. They set a “hold” rating and a $23.00 price target on the stock. Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Loop Capital initiated coverage on Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.17.

Intel Stock Performance

INTC opened at $20.41 on Thursday. The company has a market cap of $89.33 billion, a PE ratio of -4.28 and a beta of 1.22. The stock has a 50-day moving average of $21.56 and a 200-day moving average of $21.51. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. As a group, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.