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

St. Louis Financial Planners Asset Management LLC lessened its stake in Intel Co. (NASDAQ:INTC - Free Report) by 84.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,133 shares of the chip maker's stock after selling 74,434 shares during the period. Intel makes up about 0.2% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 21st biggest holding. St. Louis Financial Planners Asset Management LLC's holdings in Intel were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundations Investment Advisors LLC increased its position in Intel by 2.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 31,928 shares of the chip maker's stock valued at $640,000 after purchasing an additional 857 shares during the period. R Squared Ltd purchased a new position in Intel during the 4th quarter valued at $123,000. Robeco Institutional Asset Management B.V. increased its position in Intel by 169.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker's stock valued at $30,618,000 after purchasing an additional 960,585 shares during the period. Hantz Financial Services Inc. increased its position in Intel by 7.3% during the 4th quarter. Hantz Financial Services Inc. now owns 18,455 shares of the chip maker's stock valued at $370,000 after purchasing an additional 1,253 shares during the period. Finally, Swedbank AB increased its position in Intel by 8.9% during the 4th quarter. Swedbank AB now owns 1,814,865 shares of the chip maker's stock valued at $36,388,000 after purchasing an additional 147,976 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.55 during trading on Tuesday, reaching $20.29. 38,535,131 shares of the company traded hands, compared to its average volume of 81,163,350. The firm has a 50 day simple moving average of $20.60 and a 200-day simple moving average of $21.36. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $88.50 billion, a PE ratio of -4.63 and a beta of 1.15. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

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 (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter last year, the business posted $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.