Intel Corporation (NASDAQ:INTC) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,081 shares of the chip maker's stock after selling 14,017 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Intel were worth $3,181,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Geode Capital Management LLC boosted its stake in Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Norges Bank bought a new position in Intel in the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp boosted its stake in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 3.3%

NASDAQ INTC traded down $0.77 during trading on Thursday, hitting $22.72. The company's stock had a trading volume of 72,120,821 shares, compared to its average volume of 92,465,281. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $31.99. The company has a market cap of $99.10 billion, a PE ratio of -5.07 and a beta of 1.15. The business's 50 day simple moving average is $21.64 and its 200-day simple moving average is $21.47.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company's revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Citigroup reaffirmed a "hold" rating on shares of Intel in a report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Finally, Mizuho upped their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $22.25.

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.