Intel Corporation (NASDAQ:INTC) Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lowered its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 24.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 55,665 shares of the chip maker's stock after selling 18,069 shares during the quarter. Lodestar Private Asset Management LLC's holdings in Intel were worth $1,264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Deseret Mutual Benefit Administrators increased its position in shares of Intel by 8.7% during the first quarter. Deseret Mutual Benefit Administrators now owns 27,116 shares of the chip maker's stock worth $616,000 after purchasing an additional 2,159 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $869,000. Altus Wealth Group LLC grew its position in shares of Intel by 15.7% during the first quarter. Altus Wealth Group LLC now owns 33,526 shares of the chip maker's stock worth $761,000 after acquiring an additional 4,561 shares during the last quarter. IMPACTfolio LLC purchased a new stake in Intel in the 1st quarter valued at $211,000. Finally, Insight Inv LLC boosted its stake in Intel by 3.7% during the 1st quarter. Insight Inv LLC now owns 21,129 shares of the chip maker's stock worth $480,000 after purchasing an additional 745 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 3.0%

Intel stock traded down $0.68 during trading on Wednesday, reaching $22.17. The company had a trading volume of 77,414,365 shares, compared to its average volume of 85,632,030. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The stock's 50 day moving average price is $20.94 and its two-hundred day moving average price is $21.16. The firm has a market capitalization of $96.70 billion, a price-to-earnings ratio of -4.94 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 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 firm posted $0.18 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTC. UBS Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Cantor Fitzgerald lowered their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Six investment 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $21.57.

About Intel

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.