Private Advisory Group LLC Has $230,000 Stock Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• Private Advisory Group LLC significantly reduced its stake in Intel Corporation by 97.1% in Q1, now holding shares valued at $230,000.
• Intel reported a loss of $0.10 earnings per share in its latest quarterly earnings, missing estimates, while revenue was up 0.5% year-over-year.
• Analysts have mixed sentiments on Intel, with six rating it a sell and the average price target set at $22.30.

Private Advisory Group LLC trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 97.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,106 shares of the chip maker's stock after selling 336,907 shares during the period. Private Advisory Group LLC's holdings in Intel were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Intel during the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. purchased a new stake in Intel in the 4th quarter valued at about $27,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Intel during the first quarter worth about $32,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ INTC traded down $0.49 during trading on Friday, hitting $19.31. The company's stock had a trading volume of 86,281,416 shares, compared to its average volume of 78,192,736. The firm has a market cap of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The firm has a 50 day moving average price of $21.58 and a 200 day moving average price of $21.51.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. Intel's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Loop Capital began coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 target price for the company. Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus boosted their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a report on Monday, July 21st. Six research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned 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 $22.30.

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.