Cable Hill Partners LLC Grows Stock Holdings in Intel Corporation (NASDAQ:INTC)

Cable Hill Partners LLC raised its position in shares of Intel Corporation (NASDAQ:INTC) by 4.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,253 shares of the chip maker’s stock after buying an additional 915 shares during the period. Cable Hill Partners LLC’s holdings in Intel were worth $460,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the first quarter valued at about $30,000. Olde Wealth Management LLC acquired a new position in shares of Intel during the first quarter valued at about $31,000. Conquis Financial LLC acquired a new position in shares of Intel during the fourth quarter valued at about $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Intel during the first quarter valued at about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 1.6%

Shares of NASDAQ:INTC opened at $22.92 on Wednesday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The firm has a market capitalization of $99.98 billion, a price-to-earnings ratio of -5.12 and a beta of 1.15. 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’s 50 day moving average price is $21.45 and its 200-day moving average price is $21.35.

Intel (NASDAQ:INTC) last announced its 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 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 revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho upped their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.95.

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.