U.S. Capital Wealth Advisors LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 47.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,441 shares of the chip maker's stock after selling 51,999 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Intel were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in Intel in the 1st quarter worth approximately $30,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Intel during the 1st quarter worth $32,000. Olde Wealth Management LLC acquired a new position in shares of Intel during the 1st quarter worth $31,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Intel during the 1st quarter worth $33,000. 64.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
INTC has been the topic of a number of research analyst reports. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Citigroup reissued a "hold" rating on shares of Intel in a report on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Cantor Fitzgerald dropped their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $21.76.
Read Our Latest Stock Report on INTC
Intel Stock Down 1.6%
Shares of INTC stock traded down $0.39 during trading on Friday, reaching $23.43. The company's stock had a trading volume of 49,292,320 shares, compared to its average volume of 86,376,997. The business has a fifty day moving average price of $21.33 and a 200-day moving average price of $21.31. 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 $102.20 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.
Intel Profile
(
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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