Capital Investment Advisors LLC Sells 31,756 Shares of Intel Co. (NASDAQ:INTC)

Capital Investment Advisors LLC cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,482 shares of the chip maker's stock after selling 31,756 shares during the period. Capital Investment Advisors LLC's holdings in Intel were worth $5,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INTC. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter valued at approximately $28,000. Conquis Financial LLC purchased a new stake in Intel during the 4th quarter valued at $32,000. Finally, Pillar Financial Advisors LLC bought a new stake in Intel in the fourth quarter worth $34,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $20.06 on Monday. The firm has a 50 day moving average of $20.39 and a 200 day moving average of $21.24. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.12. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm 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 posted $0.18 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts predict that Intel Co. 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 analyst reports. 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 research report on Friday, April 25th. Rosenblatt Securities dropped their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Finally, Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.57.

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.

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