Kintegral Advisory LLC Has $2.27 Million Stock Position in Intel Corporation (NASDAQ:INTC)

Kintegral Advisory LLC cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 32.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,943 shares of the chip maker's stock after selling 49,018 shares during the period. Kintegral Advisory LLC's holdings in Intel were worth $2,270,000 at the end of the most recent quarter.

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

Intel Trading Up 2.4%

INTC stock opened at $22.41 on Friday. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a market capitalization of $97.73 billion, a PE ratio of -5.00 and a beta of 1.15. The company's 50-day simple moving average is $20.99 and its 200 day simple moving average is $21.17. 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 announced its 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 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 quarter in the prior year, the business posted $0.18 EPS. The business's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INTC shares. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a research report on Friday, April 25th. Susquehanna decreased their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Six equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $21.62.

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.

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