Nisa Investment Advisors LLC Sells 158,922 Shares of Intel Corporation (NASDAQ:INTC)

Nisa Investment Advisors LLC trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

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

Intel Price Performance

Shares of INTC stock traded down $0.39 during mid-day trading on Friday, reaching $23.43. The company's stock had a trading volume of 49,292,320 shares, compared to its average volume of 86,471,713. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a market cap of $102.20 billion, a P/E ratio of -5.23 and a beta of 1.15. 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 firm's 50-day moving average is $21.33 and its two-hundred day moving average is $21.31.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business's revenue was down .4% on a year-over-year basis. On average, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTC shares. Cantor Fitzgerald reduced their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective on the stock. Finally, Wedbush dropped their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $21.76.

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.