Intel Corporation (NASDAQ:INTC) Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Intel Corporation by 6.8%, selling 1,111,340 shares, and now holds approximately 0.35% of the company valued at $343.7 million.
• Vanguard Group boosted its stake in Intel by 2.2% in the first quarter, with total holdings now at 377.4 million shares valued at $8.57 billion.
• Intel reported a quarterly earnings miss, generating a loss of ($0.10) earnings per share, while revenue increased by 0.5% compared to the previous year.

Dimensional Fund Advisors LP cut its position in Intel Corporation (NASDAQ:INTC - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,137,987 shares of the chip maker's stock after selling 1,111,340 shares during the quarter. Dimensional Fund Advisors LP owned about 0.35% of Intel worth $343,724,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new stake in Intel during the 4th quarter worth $62,654,000. Toronto Dominion Bank raised its stake in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC increased its position in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Alteri Wealth LLC purchased a new stake in shares of Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd grew its holdings in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.70 during mid-day trading on Friday, hitting $24.56. 309,327,791 shares of the company's stock traded hands, compared to its average volume of 116,381,544. The company's 50-day moving average is $21.81 and its two-hundred day moving average is $21.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market capitalization of $107.50 billion, a P/E ratio of -5.15 and a beta of 1.22. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55.

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

Analyst Ratings Changes

A number of research firms have recently commented on INTC. Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target for the company. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.17.

Intel 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.