Patriot Financial Group Insurance Agency LLC Has $646,000 Stake in Intel Co. (NASDAQ:INTC)

Patriot Financial Group Insurance Agency LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 34.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,452 shares of the chip maker's stock after selling 14,629 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Intel were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Freestone Grove Partners LP bought a new position in shares of Intel in the fourth quarter valued at about $62,654,000. Clifford Swan Investment Counsel LLC grew its stake in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after purchasing an additional 15,214 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Finally, Alteri Wealth LLC acquired a new position in Intel during the 4th quarter worth $2,379,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities lowered their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, UBS Group reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Down 1.9%

Shares of INTC stock traded down $0.39 during trading on Friday, reaching $20.39. The company's stock had a trading volume of 17,488,672 shares, compared to its average volume of 95,290,125. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The business has a fifty day moving average price of $20.39 and a 200-day moving average price of $21.19. The company has a market cap of $88.92 billion, a price-to-earnings ratio of -4.66 and a beta of 1.12. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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 for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Analysts anticipate that Intel Co. 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.