Brio Consultants LLC Acquires New Stake in Intel Corporation (NASDAQ:INTC)

Brio Consultants LLC acquired a new stake in shares of Intel Corporation (NASDAQ:INTC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,527 shares of the chip maker’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC increased its position in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after buying an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock worth $1,268,430,000 after buying an additional 4,793,927 shares in the last quarter. Northern Trust Corp increased its position in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after buying an additional 6,157,853 shares in the last quarter. Invesco Ltd. increased its position in Intel by 9.4% in the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after buying an additional 3,696,377 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Intel by 14.1% in the fourth quarter. Deutsche Bank AG now owns 24,030,097 shares of the chip maker’s stock worth $481,803,000 after buying an additional 2,965,308 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $20.68 on Tuesday. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of -4.34 and a beta of 1.15. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $31.47. The business has a 50 day simple moving average of $21.63 and a 200-day simple moving average of $21.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

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

Analysts Set New Price Targets

A number of analysts have commented on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on Intel in a research report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. Cantor Fitzgerald dropped their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Morgan Stanley dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Finally, Sanford C. Bernstein dropped their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.30.

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.