Nisa Investment Advisors LLC Trims Stake in Intel Corporation (NASDAQ:INTC)

Nisa Investment Advisors LLC lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510,546 shares of the chip maker's stock after selling 158,922 shares during the quarter. Nisa Investment Advisors LLC's holdings in Intel were worth $34,304,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in Intel during the first quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Intel in the 1st quarter valued at $32,000. Olde Wealth Management LLC bought a new stake in shares of Intel in the 1st quarter valued at approximately $31,000. Finally, EQ Wealth Advisors LLC bought a new stake in Intel in the first quarter valued at $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Sanford C. Bernstein dropped their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $21.76.

Intel Stock Down 0.6%

Shares of Intel stock traded down $0.15 on Wednesday, reaching $23.44. The company's stock had a trading volume of 70,092,232 shares, compared to its average volume of 86,390,614. The company has a market capitalization of $102.25 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm's fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.25. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16.

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 the consensus estimate of $0.01 by $0.12. The business 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 36.19% and a negative return on equity of 3.15%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities analysts anticipate that Intel Corporation will post -0.11 earnings per share 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.