Kentucky Retirement Systems Insurance Trust Fund lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 28.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,093 shares of the chip maker's stock after selling 49,944 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Intel were worth $2,864,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in Intel during the 4th quarter worth approximately $62,654,000. Clifford Swan Investment Counsel LLC boosted its position in Intel by 1.9% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after acquiring an additional 15,214 shares during the last quarter. Toronto Dominion Bank boosted its position in 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 acquiring an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Finally, Alteri Wealth LLC acquired a new position in Intel during the 4th quarter worth approximately $2,379,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Stock Down 1.9%
INTC stock opened at $21.08 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a market capitalization of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. The business's fifty day moving average price is $20.53 and its two-hundred day moving average price is $21.07. 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 posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm 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 company's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. On average, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
INTC has been the topic of a number of analyst reports. UBS Group dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company cut their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Wedbush cut their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $21.57.
Get Our Latest Analysis on Intel
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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