Timelo Investment Management Inc. Takes $1.14 Million Position in Intel Corporation (NASDAQ:INTC)

Timelo Investment Management Inc. purchased a new stake in Intel Corporation (NASDAQ:INTC) in the first quarter, Holdings Channel reports. The firm purchased 50,000 shares of the chip maker’s stock, valued at approximately $1,136,000. Intel accounts for approximately 3.3% of Timelo Investment Management Inc.’s portfolio, making the stock its 5th biggest position.

A number of other large investors have also made changes to their positions in INTC. Freestone Grove Partners LP acquired a new position in Intel during the fourth quarter worth $62,654,000. Toronto Dominion Bank lifted its stake in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC lifted its stake in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Alteri Wealth LLC acquired a new position in Intel during the fourth quarter worth $2,379,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker’s stock worth $1,282,000 after purchasing an additional 35,000 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, July 25th. Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Morgan Stanley decreased their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Finally, Stifel Nicolaus increased their price objective on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research note on Monday, July 21st. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.17.

Intel Stock Up 2.9%

Intel stock opened at $24.56 on Friday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market cap of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. The stock’s fifty day moving average is $21.81 and its two-hundred day moving average is $21.54.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.