Valmark Advisers Inc. Invests $203,000 in Intel Corporation (NASDAQ:INTC)

Valmark Advisers Inc. purchased a new position in shares of Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,940 shares of the chip maker’s stock, valued at approximately $203,000.

Other large investors have also made changes to their positions in the company. Freestone Grove Partners LP acquired a new position in shares of Intel during the fourth quarter worth $62,654,000. Clifford Swan Investment Counsel LLC raised its stake in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after acquiring an additional 15,214 shares during the last quarter. Toronto Dominion Bank raised its stake in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after acquiring an additional 71,049 shares during the period. Finally, Alteri Wealth LLC acquired a new stake in Intel during the 4th quarter worth about $2,379,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC stock opened at $22.20 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The business has a 50 day simple moving average of $20.66 and a 200-day simple moving average of $21.09. The firm has a market capitalization of $96.84 billion, a PE ratio of -4.96 and a beta of 1.12. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during 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 revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Equities research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTC. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Mizuho lowered their price target on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price objective for the company. Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.