Brown Advisory Inc. Has $6.42 Million Stake in Intel Corporation (NASDAQ:INTC)

Brown Advisory Inc. lessened its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 12.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 282,687 shares of the chip maker's stock after selling 40,286 shares during the quarter. Brown Advisory Inc.'s holdings in Intel were worth $6,420,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. China Universal Asset Management Co. Ltd. grew its position in Intel by 52.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 106,947 shares of the chip maker's stock valued at $2,429,000 after acquiring an additional 36,757 shares in the last quarter. Alpha Cubed Investments LLC lifted its stake in Intel by 30.3% during the first quarter. Alpha Cubed Investments LLC now owns 27,189 shares of the chip maker's stock worth $617,000 after purchasing an additional 6,330 shares during the last quarter. Yong Rong HK Asset Management Ltd lifted its stake in Intel by 275.0% during the first quarter. Yong Rong HK Asset Management Ltd now owns 75,000 shares of the chip maker's stock worth $1,704,000 after purchasing an additional 55,000 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Intel by 1.4% in the first quarter. Crossmark Global Holdings Inc. now owns 198,411 shares of the chip maker's stock valued at $4,506,000 after buying an additional 2,652 shares during the last quarter. Finally, Wood Tarver Financial Group LLC lifted its stake in Intel by 103.1% in the first quarter. Wood Tarver Financial Group LLC now owns 1,891 shares of the chip maker's stock valued at $43,000 after buying an additional 960 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

INTC traded down $0.38 on Tuesday, hitting $22.92. The company had a trading volume of 65,704,666 shares, compared to its average volume of 94,056,914. The company's fifty day moving average price is $21.39 and its 200 day moving average price is $21.34. Intel Corporation has a 1-year low of $17.67 and a 1-year 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. The stock has a market cap of $99.98 billion, a price-to-earnings ratio of -5.12 and a beta of 1.15.

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 analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald cut their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Finally, Sanford C. Bernstein dropped their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.95.

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.