M Holdings Securities Inc. Purchases 24,810 Shares of Intel Corporation $INTC

M Holdings Securities Inc. boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 94.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,978 shares of the chip maker’s stock after purchasing an additional 24,810 shares during the quarter. M Holdings Securities Inc.’s holdings in Intel were worth $1,158,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in INTC. N.E.W. Advisory Services LLC bought a new stake in Intel during the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new stake in Intel during the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel during the first quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel during the first quarter worth approximately $30,000. Finally, Olde Wealth Management LLC bought a new stake in Intel during the first quarter worth approximately $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.56 on Monday. The business’s fifty day moving average price is $21.81 and its two-hundred day moving average price is $21.57. 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 capitalization of $107.50 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. Intel’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. As a group, analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Seaport Res Ptn raised Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday, May 21st. They set a “hold” rating and a $23.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, July 25th. UBS Group upped their price target on Intel from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $22.17.

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.