Moors & Cabot Inc. Decreases Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• Moors & Cabot Inc. has decreased its holdings in Intel Corporation by 24.7% in the first quarter, reducing its share count to 51,400 after selling 16,854 shares.
• Several large investors, including Atlas Capital Advisors Inc. which increased holdings by 2,027.3%, have recently made significant changes to their positions in Intel.
• Analysts have mixed ratings for Intel, with most holding a "sell" or "hold" rating, and a consensus price target of $22.17.

Moors & Cabot Inc. cut its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,400 shares of the chip maker's stock after selling 16,854 shares during the quarter. Moors & Cabot Inc.'s holdings in Intel were worth $1,167,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INTC. Atlas Capital Advisors Inc. increased its holdings in Intel by 2,027.3% in the 4th quarter. Atlas Capital Advisors Inc. now owns 10,296 shares of the chip maker's stock worth $206,000 after acquiring an additional 9,812 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Intel in the 4th quarter worth about $28,837,000. Katamaran Capital LLP purchased a new stake in Intel in the 4th quarter worth about $732,000. Rahlfs Capital LLC purchased a new stake in Intel in the 4th quarter worth about $575,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Intel in the 4th quarter worth about $75,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTC has been the subject of several recent research reports. Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Rosenblatt Securities restated a "sell" rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Wells Fargo & Company cut their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Mizuho raised their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $22.17.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.31 on Friday. The stock has a market cap of $84.52 billion, a price-to-earnings ratio of -4.05 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The stock's 50-day moving average is $21.58 and its 200 day moving average is $21.52.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

About Intel

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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