Boyar Asset Management Inc. Has $835,000 Stock Holdings in Intel Corporation (NASDAQ:INTC)

Boyar Asset Management Inc. lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 23.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,759 shares of the chip maker's stock after selling 11,452 shares during the quarter. Boyar Asset Management Inc.'s holdings in Intel were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter valued at about $28,000. Conquis Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at about $32,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Intel during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on INTC. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. UBS Group reduced their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Sanford C. Bernstein dropped their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Wedbush lowered their price target 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-five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Up 0.8%

NASDAQ INTC traded up $0.19 during trading hours on Friday, hitting $22.69. The company had a trading volume of 95,427,163 shares, compared to its average volume of 85,310,192. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a market capitalization of $98.97 billion, a price-to-earnings ratio of -5.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The firm's 50 day moving average is $20.73 and its 200 day moving average is $21.10.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for 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 company's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Sell-side analysts anticipate 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.