Mutual Advisors LLC Reduces Stock Holdings in Intel Corporation (NASDAQ:INTC)

Mutual Advisors LLC reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,190 shares of the chip maker's stock after selling 52,983 shares during the quarter. Mutual Advisors LLC's holdings in Intel were worth $3,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the first quarter valued at $30,000. Conquis Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Intel in the first quarter valued at $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INTC. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein reduced their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities reduced their target price 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, JPMorgan Chase & Co. reduced their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $21.62.

Intel Stock Up 2.4%

Shares of NASDAQ:INTC traded up $0.53 during mid-day trading on Friday, hitting $22.41. 61,175,951 shares of the company traded hands, compared to its average volume of 86,374,374. The firm has a market cap of $97.73 billion, a P/E ratio of -5.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $37.16. The firm's 50 day simple moving average is $21.04 and its 200 day simple moving average is $21.21.

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

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.