Mutual of America Capital Management LLC Sells 13,144 Shares of Intel Corporation (NASDAQ:INTC)

Mutual of America Capital Management LLC lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 503,470 shares of the chip maker's stock after selling 13,144 shares during the period. Mutual of America Capital Management LLC's holdings in Intel were worth $11,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new stake in Intel in the fourth quarter worth $27,000. LFA Lugano Financial Advisors SA bought a new position in Intel during the 1st quarter valued at approximately $30,000. Olde Wealth Management LLC bought a new position in Intel during the 1st quarter valued at approximately $31,000. Conquis Financial LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel during the 1st quarter worth approximately $32,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Barclays restated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $21.76.

Intel Trading Down 1.6%

Shares of NASDAQ INTC opened at $23.43 on Monday. The business's 50 day moving average is $21.33 and its two-hundred day moving average is $21.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market capitalization of $102.20 billion, a P/E ratio of -5.23 and a beta of 1.15.

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, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

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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