Aberdeen Group plc reduced its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 39.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,718,242 shares of the chip maker's stock after selling 2,395,197 shares during the period. Aberdeen Group plc owned approximately 0.09% of Intel worth $82,378,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in INTC. N.E.W. Advisory Services LLC bought a new stake in Intel in the first quarter worth about $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel during the 1st quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in Intel during the first quarter worth about $30,000. Finally, Olde Wealth Management LLC bought a new stake in shares of Intel in the first quarter worth $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Stock Performance
Intel stock traded up $0.70 during midday trading on Friday, reaching $24.56. 309,327,791 shares of the company's stock were exchanged, compared to its average volume of 116,381,544. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market cap of $107.50 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. The stock's 50-day simple moving average is $21.81 and its 200 day simple moving average is $21.57.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $11.88 billion. During the same quarter in the prior year, the business posted $0.02 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
INTC has been the subject of several research reports. Wall Street Zen lowered shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Rosenblatt Securities restated a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Finally, Loop Capital initiated coverage on Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 target price on the stock. Six investment 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. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $22.17.
Check Out Our Latest Research Report on Intel
About Intel
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Free Report)
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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