Kingswood Wealth Advisors LLC Has $3.10 Million Holdings in Intel Corporation (NASDAQ:INTC)

Kingswood Wealth Advisors LLC grew its position in shares of Intel Corporation (NASDAQ:INTC) by 147.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,965 shares of the chip maker’s stock after buying an additional 82,724 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Intel were worth $3,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Freestone Grove Partners LP bought a new position in shares of Intel in the 4th quarter valued at approximately $62,654,000. Clifford Swan Investment Counsel LLC raised its stake in shares of Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after acquiring an additional 15,214 shares in the last quarter. Toronto Dominion Bank raised its stake 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 in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock valued at $2,905,000 after acquiring an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC bought a new position in shares of Intel in the 4th quarter valued at approximately $2,379,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Sanford C. Bernstein dropped their price target on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. 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, Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.57.

Intel Stock Up 3.3%

NASDAQ:INTC opened at $21.49 on Thursday. The firm has a market capitalization of $93.74 billion, a price-to-earnings ratio of -4.80 and a beta of 1.12. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The stock’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $21.10. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

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, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. Equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

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.