Intel Co. (NASDAQ:INTC) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp raised its stake in Intel Co. (NASDAQ:INTC) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,909 shares of the chip maker’s stock after purchasing an additional 2,862 shares during the quarter. Curbstone Financial Management Corp’s holdings in Intel were worth $1,315,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter valued at $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter valued at $28,000. Conquis Financial LLC acquired a new position in shares of Intel during the 4th quarter valued at $32,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 7.8%

NASDAQ:INTC opened at $22.08 on Wednesday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a market capitalization of $96.31 billion, a P/E ratio of -5.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50 day simple moving average of $20.35 and a 200 day simple moving average of $21.22.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on INTC shares. Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein dropped their price target on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price for the company. Finally, UBS Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.57.

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.