Diversify Advisory Services LLC Has $1.08 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Diversify Advisory Services LLC grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 338.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,727 shares of the chip maker's stock after purchasing an additional 36,848 shares during the quarter. Diversify Advisory Services LLC's holdings in Intel were worth $1,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. LFA Lugano Financial Advisors SA acquired a new position in Intel in the first quarter valued at $30,000. Vermillion Wealth Management Inc. acquired a new position in Intel in the fourth quarter valued at $27,000. Mizuho Securities Co. Ltd. acquired a new position in Intel in the first quarter valued at $32,000. Olde Wealth Management LLC acquired a new position in Intel in the first quarter valued at $31,000. Finally, EQ Wealth Advisors LLC acquired a new position in Intel in the first quarter valued at $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTC. Cantor Fitzgerald lowered their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company cut 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 report on Friday, April 25th. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Susquehanna cut their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $21.95.

Intel Stock Performance

Shares of Intel stock traded up $0.30 during trading hours on Friday, reaching $23.10. The company's stock had a trading volume of 60,111,927 shares, compared to its average volume of 86,265,232. The company's 50 day simple moving average is $21.57 and its 200 day simple moving average is $21.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a one year low of $17.67 and a one year high of $33.41. The stock has a market cap of $100.76 billion, a P/E ratio of -5.16 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. As a group, analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal 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.