Intel Corporation (NASDAQ:INTC) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its position in Intel Corporation (NASDAQ:INTC - Free Report) by 33.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 458,097 shares of the chip maker's stock after selling 232,698 shares during the quarter. Ninety One UK Ltd's holdings in Intel were worth $10,403,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the 1st quarter worth $30,000. Olde Wealth Management LLC acquired a new position in shares of Intel during the 1st quarter worth $31,000. Conquis Financial LLC acquired a new stake in Intel in the 4th quarter valued at about $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Intel in the 1st quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Rosenblatt Securities lowered their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Finally, Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $21.76.

Intel Stock Down 0.6%

Shares of INTC stock traded down $0.15 during mid-day trading on Wednesday, reaching $23.44. 70,092,232 shares of the company were exchanged, compared to its average volume of 86,435,532. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The company has a market capitalization of $102.25 billion, a P/E ratio of -5.23 and a beta of 1.15. The business's 50 day simple moving average is $21.13 and its 200 day simple moving average is $21.25.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the company earned $0.18 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. Research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Company 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.