Legacy Financial Advisors Inc. Buys 3,079 Shares of Intel Corporation $INTC

Legacy Financial Advisors Inc. raised its position in shares of Intel Corporation (NASDAQ:INTC) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,674 shares of the chip maker’s stock after purchasing an additional 3,079 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Intel were worth $901,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in INTC. Freestone Grove Partners LP purchased a new stake in shares of Intel in the fourth quarter worth about $62,654,000. Toronto Dominion Bank boosted its stake in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after buying an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after buying an additional 71,049 shares during the last quarter. Alteri Wealth LLC purchased a new stake in shares of Intel in the fourth quarter worth about $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Intel by 120.7% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker’s stock worth $1,282,000 after buying an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $23.66 on Tuesday. The business has a fifty day moving average of $21.88 and a two-hundred day moving average of $21.60. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $103.56 billion, a price-to-earnings ratio of -4.96 and a beta of 1.22. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the previous year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Wells Fargo & Company lowered 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. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, July 25th. Mizuho increased their target price on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Finally, Wall Street Zen cut Intel from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.17.

Intel Company 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.