Nisa Investment Advisors LLC Has $34.30 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. Banque Pictet & Cie SA acquired a new stake in Intel during the 1st quarter valued at $451,000. LBP AM SA raised its stake in shares of Intel by 15.0% during the 1st quarter. LBP AM SA now owns 721,565 shares of the chip maker's stock worth $16,387,000 after purchasing an additional 93,892 shares in the last quarter. Twelve Points Wealth Management LLC raised its stake in shares of Intel by 20.6% during the 1st quarter. Twelve Points Wealth Management LLC now owns 46,416 shares of the chip maker's stock worth $1,054,000 after purchasing an additional 7,917 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Intel by 12.8% during the 1st quarter. Rehmann Capital Advisory Group now owns 23,626 shares of the chip maker's stock worth $537,000 after purchasing an additional 2,684 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of Intel by 1.8% during the 1st quarter. Greenleaf Trust now owns 83,051 shares of the chip maker's stock worth $1,886,000 after purchasing an additional 1,462 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

INTC stock traded down $0.39 during trading on Friday, hitting $23.43. 49,292,320 shares of the stock traded hands, compared to its average volume of 86,252,726. The stock has a market cap of $102.20 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. The company has a 50 day simple moving average of $21.27 and a 200 day simple moving average of $21.29. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cantor Fitzgerald cut their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company cut their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities cut their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Citigroup reissued a "hold" rating on shares of Intel in a research note on Tuesday. Finally, Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.76.

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.