Intel Corporation (NASDAQ:INTC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Several other institutional investors also recently modified their holdings of INTC. Cornerstone Advisory LLC lifted its position in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its position in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Capital International Sarl lifted its position in Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after purchasing an additional 510 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Citigroup reiterated a "hold" rating on shares of Intel in a research report on Tuesday. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Finally, Sanford C. Bernstein reduced their target price 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 equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $21.76.

Intel Stock Up 1.6%

NASDAQ:INTC traded up $0.38 during trading hours on Thursday, reaching $23.82. The company's stock had a trading volume of 54,513,208 shares, compared to its average volume of 86,400,380. The company has a market capitalization of $103.90 billion, a P/E ratio of -5.32 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. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $21.29.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results 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. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal 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.