Quinn Opportunity Partners LLC acquired a new position in Intel Corporation (NASDAQ:INTC – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 14,302 shares of the chip maker’s stock, valued at approximately $320,000.
Several other institutional investors also recently added to or reduced their stakes in INTC. Verdence Capital Advisors LLC boosted its position in Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after buying an additional 486 shares during the period. Independent Wealth Network Inc. raised its stake in shares of Intel by 5.2% during the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock valued at $222,000 after acquiring an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 491 shares during the period. one8zero8 LLC boosted its holdings in shares of Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock valued at $280,000 after purchasing an additional 500 shares during the period. Finally, Indiana Trust & Investment Management Co grew its stake in Intel by 8.4% in the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock worth $147,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Stock Up 0.0%
Intel stock opened at $37.89 on Thursday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $42.48. The business has a fifty day moving average price of $34.19 and a 200-day moving average price of $26.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $181.00 billion, a price-to-earnings ratio of 3,792.79 and a beta of 1.31.
Analysts Set New Price Targets
INTC has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a research report on Thursday, October 2nd. New Street Research raised their price target on Intel from $23.00 to $32.00 in a research note on Friday, September 19th. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Tuesday, October 7th. Cantor Fitzgerald increased their target price on shares of Intel from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, HSBC boosted their price target on shares of Intel from $24.00 to $26.00 in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $34.84.
Read Our Latest Stock Report on INTC
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.
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