Intel Co. (NASDAQ:INTC) Stock Position Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,974,557 shares of the chip maker's stock after selling 160,616 shares during the period. Rhumbline Advisers owned 0.18% of Intel worth $181,102,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new position in Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter worth approximately $29,000. Finally, Conquis Financial LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 1.0%

Shares of INTC traded up $0.19 during midday trading on Monday, hitting $19.74. The company had a trading volume of 67,730,959 shares, compared to its average volume of 81,318,712. The company's 50 day moving average price is $20.67 and its 200 day moving average price is $21.39. The stock has a market cap of $86.11 billion, a price-to-earnings ratio of -4.51 and a beta of 1.15. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. 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 issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INTC shares. Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Finally, UBS Group reduced their target price on shares of 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 assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $21.57.

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.