KMG Fiduciary Partners LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

KMG Fiduciary Partners LLC lowered its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 37.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,927 shares of the chip maker's stock after selling 96,566 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Intel were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Wedmont Private Capital purchased a new position in shares of Intel in the first quarter worth $418,000. Sivia Capital Partners LLC purchased a new position in shares of Intel in the first quarter worth $209,000. Sunflower Bank N.A. increased its position in Intel by 2.5% during the first quarter. Sunflower Bank N.A. now owns 22,531 shares of the chip maker's stock valued at $512,000 after acquiring an additional 542 shares during the last quarter. Horizon Wealth Management LLC increased its position in Intel by 13.5% during the first quarter. Horizon Wealth Management LLC now owns 11,445 shares of the chip maker's stock valued at $260,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Chemistry Wealth Management LLC purchased a new stake in Intel during the first quarter valued at $241,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

INTC traded up $0.07 during trading on Friday, reaching $20.06. 69,920,070 shares of the company traded hands, compared to its average volume of 82,032,178. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a fifty day simple moving average of $20.39 and a 200 day simple moving average of $21.26. The company has a market cap of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 EPS. The company's revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Rosenblatt Securities reduced their price objective on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Mizuho reduced their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $21.57.

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.