Fort Washington Investment Advisors Inc. OH Decreases Stake in Intel Co. (NASDAQ:INTC)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 894,304 shares of the chip maker's stock after selling 424,178 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Intel were worth $20,310,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its position in shares of Intel by 1,447.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 11,912 shares of the chip maker's stock valued at $271,000 after buying an additional 11,142 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Intel in the first quarter valued at approximately $305,000. Capital Advisors Ltd. LLC increased its position in shares of Intel by 42.5% in the first quarter. Capital Advisors Ltd. LLC now owns 5,972 shares of the chip maker's stock valued at $136,000 after buying an additional 1,781 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of Intel by 28.4% in the first quarter. Focus Financial Network Inc. now owns 14,326 shares of the chip maker's stock valued at $325,000 after buying an additional 3,165 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its position in shares of Intel by 5.2% in the first quarter. Curbstone Financial Management Corp now owns 57,909 shares of the chip maker's stock valued at $1,315,000 after buying an additional 2,862 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTC. Citigroup restated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein decreased their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. UBS Group dropped their price target on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Six research analysts have rated the stock with a sell rating, twenty-five 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 an average target price of $21.57.

Intel Trading Down 3.0%

Shares of NASDAQ INTC traded down $0.63 during mid-day trading on Friday, reaching $20.14. 87,385,210 shares of the company's stock were exchanged, compared to its average volume of 83,642,449. The firm has a market capitalization of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company's 50-day moving average is $20.43 and its 200-day moving average is $21.14.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results 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 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the business posted $0.18 EPS. Intel's revenue for the quarter was down .4% on a year-over-year basis. Analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.