Concurrent Investment Advisors LLC Boosts Holdings in Intel Corporation (NASDAQ:INTC)

Concurrent Investment Advisors LLC raised its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 31.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,375 shares of the chip maker's stock after purchasing an additional 23,865 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Intel were worth $2,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Advisory LLC grew its position in shares of Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC lifted its stake in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its stake in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares during the last quarter. Finally, Capital International Sarl boosted its holdings in shares of Intel by 4.1% during the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Down 2.2%

Shares of NASDAQ INTC traded down $0.49 during trading on Monday, hitting $22.00. 80,616,506 shares of the company traded hands, compared to its average volume of 86,351,383. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The business's fifty day moving average is $21.04 and its 200 day moving average is $21.21. The firm has a market capitalization of $95.96 billion, a price-to-earnings ratio of -4.91 and a beta of 1.15. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price on the stock. Mizuho boosted their target price on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.76.

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.