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

Mutual Advisors LLC decreased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 27.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,190 shares of the chip maker's stock after selling 52,983 shares during the period. Mutual Advisors LLC's holdings in Intel were worth $3,206,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in Intel by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 371,962 shares of the chip maker's stock valued at $8,447,000 after buying an additional 2,220 shares during the period. Resonant Capital Advisors LLC purchased a new stake in Intel during the 1st quarter valued at $223,000. Capital Investment Counsel Inc boosted its position in Intel by 5.1% during the 1st quarter. Capital Investment Counsel Inc now owns 91,718 shares of the chip maker's stock valued at $2,083,000 after buying an additional 4,475 shares during the period. Teacher Retirement System of Texas boosted its position in Intel by 229.3% during the 1st quarter. Teacher Retirement System of Texas now owns 830,668 shares of the chip maker's stock valued at $18,864,000 after buying an additional 578,447 shares during the period. Finally, Sebold Capital Management Inc. purchased a new stake in shares of Intel in the 1st quarter worth about $252,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Up 2.4%

NASDAQ:INTC traded up $0.53 on Friday, reaching $22.41. 61,175,951 shares of the stock traded hands, compared to its average volume of 86,374,374. The company has a market capitalization of $97.73 billion, a price-to-earnings ratio of -5.00 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The company's fifty day simple moving average is $21.04 and its 200 day simple moving average is $21.20.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel's revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INTC. Cfra Research raised shares of Intel to a "hold" rating in a research report on Friday, April 25th. Mizuho raised 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. Morgan Stanley dropped their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $21.62.

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.