Intel Corporation (NASDAQ:INTC) Shares Sold by Callan Capital LLC

Callan Capital LLC cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 44.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,966 shares of the chip maker's stock after selling 16,571 shares during the quarter. Callan Capital LLC's holdings in Intel were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INTC. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel during the first quarter worth approximately $30,000. Olde Wealth Management LLC purchased a new position in shares of Intel during the first quarter worth approximately $31,000. Conquis Financial LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel during the first quarter worth approximately $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on INTC shares. Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Rosenblatt Securities cut their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley cut their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.76.

Intel Stock Performance

Shares of INTC traded up $1.59 during trading hours on Tuesday, reaching $23.59. 119,274,441 shares of the company traded hands, compared to its average volume of 86,483,145. The stock has a market capitalization of $102.90 billion, a P/E ratio of -5.27 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The business has a fifty day moving average price of $21.07 and a 200-day moving average price of $21.23.

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