TD Private Client Wealth LLC Raises Position in Intel Co. (NASDAQ:INTC)

TD Private Client Wealth LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 55.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,110 shares of the chip maker’s stock after buying an additional 4,299 shares during the quarter. TD Private Client Wealth LLC’s holdings in Intel were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in INTC. Quest Partners LLC increased its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in Intel in the 3rd quarter worth $361,000. Great Valley Advisor Group Inc. lifted its position in Intel by 16.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker’s stock worth $877,000 after acquiring an additional 5,295 shares during the period. Kingsview Wealth Management LLC grew its stake in Intel by 2.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker’s stock valued at $1,774,000 after purchasing an additional 1,858 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Intel by 0.3% in the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock valued at $39,105,000 after purchasing an additional 4,300 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ INTC opened at $24.22 on Tuesday. The firm has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $22.04. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $27.04.

About Intel

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.