St. Louis Financial Planners Asset Management LLC Sells 74,434 Shares of Intel Co. (NASDAQ:INTC)

St. Louis Financial Planners Asset Management LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 84.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,133 shares of the chip maker's stock after selling 74,434 shares during the quarter. Intel comprises about 0.2% of St. Louis Financial Planners Asset Management LLC's portfolio, making the stock its 21st largest holding. St. Louis Financial Planners Asset Management LLC's holdings in Intel were worth $321,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of Intel by 0.7% during the first quarter. Parallel Advisors LLC now owns 82,842 shares of the chip maker's stock worth $1,881,000 after acquiring an additional 589 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Intel by 1,982.3% during the first quarter. GAMMA Investing LLC now owns 321,937 shares of the chip maker's stock worth $73,110,000 after acquiring an additional 306,476 shares during the last quarter. Howard Financial Services LTD. lifted its position in Intel by 10.8% during the first quarter. Howard Financial Services LTD. now owns 17,109 shares of the chip maker's stock valued at $389,000 after purchasing an additional 1,665 shares during the last quarter. Quent Capital LLC lifted its position in Intel by 21.9% during the first quarter. Quent Capital LLC now owns 3,535 shares of the chip maker's stock valued at $80,000 after purchasing an additional 634 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in Intel by 32.2% during the first quarter. Moody National Bank Trust Division now owns 16,152 shares of the chip maker's stock valued at $367,000 after purchasing an additional 3,937 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 3.8%

NASDAQ INTC traded down $0.76 on Friday, reaching $19.49. 113,992,028 shares of the stock traded hands, compared to its average volume of 81,376,147. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a fifty day moving average price of $20.67 and a 200-day moving average price of $21.42. The company has a market cap of $85.02 billion, a price-to-earnings ratio of -4.45 and a beta of 1.15. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. As a group, research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price objective for the company. UBS Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wedbush lowered their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Susquehanna lowered their price objective 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. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.57.

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.