Clifford Swan Investment Counsel LLC Has $12.94 Million Holdings in Intel Corporation $INTC

Key Points

• Clifford Swan Investment Counsel LLC reduced its stake in Intel Corporation by 14.9%, now holding 577,483 shares valued at approximately $12.94 million.
• Intel reported a loss of $0.10 EPS for the last quarter, missing analyst expectations, but achieved a revenue of $12.86 billion, surpassing estimates.
• Institutional investors currently hold 64.53% of Intel's stock, with several hedge funds significantly increasing their positions in the company during recent quarters.

Clifford Swan Investment Counsel LLC trimmed its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 577,483 shares of the chip maker's stock after selling 100,912 shares during the period. Clifford Swan Investment Counsel LLC's holdings in Intel were worth $12,936,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC bought a new position in Intel during the first quarter valued at about $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel in the second quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD grew its holdings in Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Intel by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after acquiring an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock valued at $508,593,000 after purchasing an additional 10,523,590 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock opened at $36.92 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.24 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 $39.65. The firm has a fifty day moving average of $29.81 and a 200-day moving average of $24.06. The firm has a market capitalization of $161.60 billion, a price-to-earnings ratio of -7.74 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period in the previous year, the business posted $0.02 EPS. The business's quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a "sell" rating and issued a $21.00 target price on shares of Intel in a research note on Friday, September 19th. New Street Research lifted their price objective on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Sanford C. Bernstein reissued a "neutral" rating on shares of Intel in a report on Thursday, October 2nd. HSBC reaffirmed a "reduce" rating and issued a $24.00 target price (up previously from $21.25) on shares of Intel in a research note on Tuesday, October 7th. Finally, Cantor Fitzgerald increased their price objective on shares of Intel from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Monday. Two analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $29.26.

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.

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