Intel Co. (NASDAQ:INTC) Position Decreased by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 79.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,627 shares of the chip maker's stock after selling 77,883 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Intel were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter valued at $27,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Conquis Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on INTC. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Mizuho decreased their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Finally, Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $21.57.

Intel Stock Performance

Shares of Intel stock traded down $0.26 on Thursday, reaching $19.99. 72,397,186 shares of the company were exchanged, compared to its average volume of 81,546,116. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market cap of $87.20 billion, a price-to-earnings ratio of -4.56 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company's 50-day moving average is $20.48 and its two-hundred day moving average is $21.34.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, research analysts expect that Intel Co. 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.