Bartlett & CO. Wealth Management LLC Has $2.02 Million Stock Position in Intel Corporation (NASDAQ:INTC)

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,904 shares of the chip maker's stock after selling 14,112 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Intel were worth $2,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth about $27,000. Conquis Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $32,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Intel during the 1st quarter worth about $32,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Intel during the 1st quarter worth about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald reduced their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Cfra Research raised shares of Intel to a "hold" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

INTC stock traded up $0.19 during trading on Friday, reaching $22.69. 95,427,163 shares of the company were exchanged, compared to its average volume of 85,486,298. The company has a 50-day moving average of $20.81 and a two-hundred day moving average of $21.13. The company has a market capitalization of $98.97 billion, a price-to-earnings ratio of -5.06 and a beta of 1.12. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. As a group, equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

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.