Udine Wealth Management Inc. Has $2.28 Million Stake in Intel Co. (NASDAQ:INTC)

Udine Wealth Management Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 100,561 shares of the chip maker’s stock after purchasing an additional 6,042 shares during the quarter. Intel accounts for 1.5% of Udine Wealth Management Inc.’s portfolio, making the stock its 17th biggest position. Udine Wealth Management Inc.’s holdings in Intel were worth $2,284,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in Intel in the fourth quarter valued at about $1,246,569,000. Two Sigma Advisers LP acquired a new position in shares of Intel during the 4th quarter worth about $289,752,000. Two Sigma Investments LP bought a new stake in shares of Intel in the 4th quarter valued at about $237,457,000. Toronto Dominion Bank raised its position in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the period. Finally, Northern Trust Corp raised its position in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Up 0.4%

Intel stock opened at $20.06 on Friday. The company has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The firm has a 50-day moving average of $20.39 and a 200-day moving average of $21.28. 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 Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price for the company. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Cfra Research raised Intel to a “hold” rating in a research note on Friday, April 25th. Rosenblatt Securities decreased their target price on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday, April 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel currently has a consensus 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.