Lee Danner & Bass Inc. Has $5.45 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Lee Danner & Bass Inc. lowered its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,150 shares of the chip maker's stock after selling 26,265 shares during the period. Lee Danner & Bass Inc.'s holdings in Intel were worth $5,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Intel by 121.8% in the 4th quarter. Assetmark Inc. now owns 5,286 shares of the chip maker's stock valued at $106,000 after acquiring an additional 2,903 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Intel in the 4th quarter valued at approximately $1,789,000. Raymond James Financial Inc. bought a new stake in Intel in the 4th quarter valued at approximately $53,465,000. Callan Family Office LLC bought a new stake in Intel in the 4th quarter valued at approximately $279,000. Finally, West Family Investments Inc. bought a new stake in Intel in the 4th quarter valued at approximately $265,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of NASDAQ:INTC traded up $1.59 during trading on Tuesday, reaching $23.59. 119,274,441 shares of the company traded hands, compared to its average volume of 86,500,694. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16. The firm has a market capitalization of $102.90 billion, a PE ratio of -5.27 and a beta of 1.15. The company's 50 day moving average is $21.07 and its two-hundred day moving average is $21.23.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the prior year, the company earned $0.18 EPS. Intel's revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on INTC shares. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. UBS Group lowered their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $21.76.

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.