Vise Technologies Inc. bought a new position in Intel Corporation (NASDAQ:INTC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,236 shares of the chip maker’s stock, valued at approximately $968,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. HFM Investment Advisors LLC bought a new position in shares of Intel in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in Intel in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the 1st quarter valued at about $27,000. West Branch Capital LLC bought a new position in shares of Intel in the second quarter worth about $28,000. Finally, PrairieView Partners LLC lifted its position in shares of Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after purchasing an additional 608 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Stock Performance
Shares of NASDAQ:INTC opened at $35.91 on Friday. The firm’s 50 day simple moving average is $34.41 and its 200 day simple moving average is $26.19. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 3,594.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Susquehanna boosted their price objective on shares of Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Cowen reissued a “hold” rating on shares of Intel in a research note on Friday, October 24th. Benchmark boosted their target price on Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Intel in a research note on Monday, October 20th. Finally, Bank of America reiterated an “underperform” rating and issued a $34.00 price objective on shares of Intel in a research report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Reduce” and an average target price of $34.84.
Read Our Latest Stock Analysis on INTC
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.
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