Daymark Wealth Partners LLC Cuts Stock Position in Intel Corporation (NASDAQ:INTC)

Daymark Wealth Partners LLC decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 41.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,346 shares of the chip maker's stock after selling 107,311 shares during the period. Daymark Wealth Partners LLC's holdings in Intel were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCW Group Inc. lifted its holdings in shares of Intel by 3.9% during the fourth quarter. TCW Group Inc. now owns 60,549 shares of the chip maker's stock worth $1,214,000 after purchasing an additional 2,272 shares during the period. World Equity Group Inc. purchased a new position in Intel during the 4th quarter worth approximately $244,000. Union Bancaire Privee UBP SA acquired a new stake in Intel during the 4th quarter valued at approximately $45,000. IFP Advisors Inc boosted its holdings in shares of Intel by 221.4% in the 4th quarter. IFP Advisors Inc now owns 120,110 shares of the chip maker's stock valued at $2,408,000 after acquiring an additional 82,739 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter worth $28,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Wells Fargo & Company decreased their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six 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 stock. According to MarketBeat, Intel currently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Trading Up 1.4%

Intel stock traded up $0.30 during mid-day trading on Thursday, hitting $22.50. The company's stock had a trading volume of 63,083,370 shares, compared to its average volume of 85,048,776. The stock's fifty day moving average is $20.66 and its two-hundred day moving average is $21.09. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $98.15 billion, a PE ratio of -5.02 and a beta of 1.12. Intel Corporation has a 1 year low of $17.67 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business 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 3.15% and a negative net margin of 36.19%. The company's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. On average, analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

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.