State of Alaska Department of Revenue lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,316 shares of the chip maker's stock after selling 46,400 shares during the quarter. State of Alaska Department of Revenue's holdings in Intel were worth $11,543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Vermillion Wealth Management Inc. purchased a new position in Intel in the 4th quarter valued at about $27,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Conquis Financial LLC acquired a new stake in Intel during the fourth quarter worth approximately $32,000. Finally, IMG Wealth Management Inc. purchased a new stake in Intel in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Stock Performance
Shares of INTC traded up $0.69 during mid-day trading on Thursday, hitting $21.49. The stock had a trading volume of 94,046,448 shares, compared to its average volume of 84,103,678. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market cap of $93.74 billion, a PE ratio of -4.80 and a beta of 1.12. The company's fifty day simple moving average is $20.47 and its two-hundred day simple moving average is $21.10.
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. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.
Analyst Upgrades and Downgrades
INTC has been the topic of several analyst reports. Wedbush decreased their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.57.
Get Our Latest Stock Analysis on INTC
About Intel
(
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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