Capital Asset Advisory Services LLC Sells 77,883 Shares of Intel Co. (NASDAQ:INTC)

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

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

Intel Price Performance

INTC stock traded up $0.07 during trading on Friday, hitting $20.06. 69,920,070 shares of the stock traded hands, compared to its average volume of 82,032,178. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $21.28. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations 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 last year, the firm posted $0.18 EPS. Equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. UBS Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $21.57.

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.