Intel Corporation (NASDAQ:INTC) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent 13F 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 period. U.S. Capital Wealth Advisors LLC's holdings in Intel were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at about $1,246,569,000. Two Sigma Advisers LP purchased a new stake in shares of Intel in the 4th quarter valued at approximately $289,752,000. Two Sigma Investments LP purchased a new stake in shares of Intel in the 4th quarter valued at approximately $237,457,000. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock traded up $0.38 during mid-day trading on Thursday, hitting $23.82. The stock had a trading volume of 54,513,208 shares, compared to its average volume of 86,264,016. The firm has a market cap of $103.90 billion, a PE ratio of -5.32 and a beta of 1.15. The company's 50-day simple moving average is $21.20 and its 200-day simple moving average is $21.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its 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. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective on the stock. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, Barclays reiterated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.76.

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.