Intel Corporation (NASDAQ:INTC) Position Reduced by Philadelphia Trust Co.

Key Points

• Philadelphia Trust Co. significantly reduced its stake in Intel Corporation by 73.4%, selling over 101,000 shares during the first quarter, leaving it with 36,943 shares valued at approximately $839,000.
• Multiple institutional investors, including Cary Street Partners Investment Advisory LLC and Verdence Capital Advisors LLC, have increased their positions in Intel, demonstrating mixed market sentiment.
• Intel's latest earnings report showed a loss of ($0.10) EPS, falling short of analyst expectations, although the company reported revenue of $12.86 billion, outpacing estimates.

Philadelphia Trust Co. trimmed its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 73.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,943 shares of the chip maker's stock after selling 101,981 shares during the quarter. Philadelphia Trust Co.'s holdings in Intel were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in INTC. Cornerstone Advisory LLC lifted its stake in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the period. Finally, one8zero8 LLC raised its position in shares of Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $24.56 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market cap of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. The stock has a 50-day moving average of $21.81 and a 200-day moving average of $21.54. Intel Corporation has a one year low of $17.67 and a one year high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company's revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. As a group, sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on INTC shares. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Mizuho boosted 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 25th. Stifel Nicolaus boosted their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.