Janney Montgomery Scott LLC Sells 30,958 Shares of Intel Corporation (NASDAQ:INTC)

Janney Montgomery Scott LLC lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 5.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 560,144 shares of the chip maker's stock after selling 30,958 shares during the period. Janney Montgomery Scott LLC's holdings in Intel were worth $12,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth approximately $27,000. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter valued at approximately $28,000. Conquis Financial LLC purchased a new stake in Intel during the 4th quarter valued at $32,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter worth $34,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Susquehanna lowered their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Mizuho reduced their price target on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.41 during midday trading on Friday, reaching $21.08. The stock had a trading volume of 133,366,010 shares, compared to its average volume of 84,300,102. The company has a market capitalization of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a 50-day moving average of $20.50 and a 200-day moving average of $21.08. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business posted $0.18 EPS. Intel's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Intel 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.