Aigen Investment Management LP Decreases Stake in Intel Corporation (NASDAQ:INTC)

Key Points

• Aigen Investment Management LP significantly reduced its stake in Intel Corporation by 72.6%, holding $367,000 worth of shares after selling 42,812 shares in the first quarter.
• Despite some institutional investors increasing their positions, analysts have a predominantly "neutral" rating on Intel with a consensus price target of $22.17, reflecting mixed sentiment in the market.
• Intel's recent quarterly earnings report showed a negative earnings per share of ($0.10) against expectations, while revenue slightly surpassed analyst forecasts at $12.86 billion.

Aigen Investment Management LP lessened its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 72.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,160 shares of the chip maker's stock after selling 42,812 shares during the quarter. Aigen Investment Management LP's holdings in Intel were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new stake in Intel during the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel during the 1st quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Intel during the 1st quarter valued at approximately $30,000. Vermillion Wealth Management Inc. acquired a new stake in Intel during the 4th quarter valued at approximately $27,000. Finally, PrairieView Partners LLC increased its position in Intel by 77.0% during the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after purchasing an additional 608 shares during the period. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on INTC. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup reaffirmed a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Stifel Nicolaus raised their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.17.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.70 during mid-day trading on Friday, reaching $24.56. 309,327,791 shares of the company's stock were exchanged, compared to its average volume of 103,883,248. The firm 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 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 current ratio of 1.24 and a quick ratio of 0.92. The firm has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $21.54.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates 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%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Analysts predict that Intel Corporation will post -0.11 EPS for the current year.

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.