Clifford Swan Investment Counsel LLC lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 17.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 678,395 shares of the chip maker's stock after selling 141,137 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Intel were worth $15,406,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Van Strum & Towne Inc. bought a new stake in shares of Intel in the first quarter valued at approximately $250,000. HighPoint Advisor Group LLC boosted its position in shares of Intel by 8.6% in the first quarter. HighPoint Advisor Group LLC now owns 58,862 shares of the chip maker's stock valued at $1,337,000 after acquiring an additional 4,649 shares during the period. Gries Financial LLC boosted its position in shares of Intel by 11.0% in the first quarter. Gries Financial LLC now owns 20,695 shares of the chip maker's stock valued at $470,000 after acquiring an additional 2,047 shares during the period. Crestwood Advisors Group LLC lifted its position in Intel by 47.8% in the first quarter. Crestwood Advisors Group LLC now owns 23,272 shares of the chip maker's stock worth $529,000 after purchasing an additional 7,523 shares during the period. Finally, Peregrine Asset Advisers Inc. lifted its position in Intel by 541.9% in the first quarter. Peregrine Asset Advisers Inc. now owns 99,104 shares of the chip maker's stock worth $2,251,000 after purchasing an additional 83,664 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald cut their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $22.12.
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Intel Stock Performance
NASDAQ INTC traded up $0.33 on Monday, reaching $23.43. The stock had a trading volume of 10,281,613 shares, compared to its average volume of 85,970,576. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The firm has a fifty day moving average of $21.57 and a two-hundred day moving average of $21.42. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $33.41. The company has a market cap of $102.22 billion, a P/E ratio of -5.23 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the firm posted $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.
Intel Company Profile
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Free Report)
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.
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