Intel Corporation (NASDAQ:INTC) Stock Holdings Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 hedge funds also recently made changes to their positions in INTC. Norges Bank acquired a new stake in Intel in the fourth quarter valued at $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel during the 4th quarter worth approximately $289,752,000. Two Sigma Investments LP purchased a new position in shares of Intel during the 4th quarter worth approximately $237,457,000. Toronto Dominion Bank increased its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INTC. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Mizuho boosted their target price on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Morgan Stanley reduced their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $21.76.

Intel Stock Up 2.0%

Shares of INTC stock traded up $0.48 during mid-day trading on Thursday, reaching $23.92. 32,568,318 shares of the company were exchanged, compared to its average volume of 86,183,672. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The business's 50 day simple moving average is $21.20 and its 200 day simple moving average is $21.26. The company has a market capitalization of $104.32 billion, a P/E ratio of -5.34 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. 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.