Miracle Mile Advisors LLC cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 30.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,598 shares of the chip maker's stock after selling 18,647 shares during the quarter. Miracle Mile Advisors LLC's holdings in Intel were worth $967,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Advisory LLC increased its stake in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC increased its position in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
INTC has been the subject of a number of recent analyst reports. Wedbush dropped 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. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $21.57.
Check Out Our Latest Stock Report on Intel
Intel Price Performance
INTC stock traded down $0.63 during trading on Friday, reaching $20.14. 87,385,210 shares of the company were exchanged, compared to its average volume of 83,420,181. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The company has a 50-day moving average of $20.39 and a two-hundred day moving average of $21.19.
Intel (NASDAQ:INTC - Get Free Report) last released 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 the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Intel Company Profile
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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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