Intel Corporation (NASDAQ:INTC) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its position in Intel Corporation (NASDAQ:INTC - Free Report) by 33.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,355 shares of the chip maker's stock after selling 46,240 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Intel were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Freestone Grove Partners LP acquired a new position in Intel during the 4th quarter worth $62,654,000. Toronto Dominion Bank raised its stake in Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Alteri Wealth LLC purchased a new stake in Intel during the 4th quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd raised its stake in shares of Intel by 120.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after buying an additional 35,000 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 1.0%

Intel stock traded down $0.23 during midday trading on Wednesday, hitting $22.69. The stock had a trading volume of 58,728,961 shares, compared to its average volume of 86,546,157. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average price of $21.45 and a 200 day moving average price of $21.35. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a market cap of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating 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 the consensus estimate of $12.26 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. Intel's quarterly revenue was down .4% compared to the same quarter last year. Research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Wedbush reduced 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. Finally, Rosenblatt Securities reduced their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.95.

Intel Company 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.