Sigma Planning Corp Has $889,000 Stock Holdings in Intel Corporation (NASDAQ:INTC)

Sigma Planning Corp lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 52.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,139 shares of the chip maker's stock after selling 43,074 shares during the quarter. Sigma Planning Corp's holdings in Intel were worth $889,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Catalyst Financial Partners LLC grew its stake in shares of Intel by 12.6% in the first quarter. Catalyst Financial Partners LLC now owns 29,469 shares of the chip maker's stock valued at $669,000 after buying an additional 3,298 shares in the last quarter. Signaturefd LLC grew its stake in Intel by 62.3% during the 1st quarter. Signaturefd LLC now owns 56,357 shares of the chip maker's stock valued at $1,280,000 after purchasing an additional 21,642 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in Intel by 29.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 17,179 shares of the chip maker's stock valued at $390,000 after purchasing an additional 3,928 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Intel by 4.5% during the 1st quarter. Bleakley Financial Group LLC now owns 47,367 shares of the chip maker's stock valued at $1,076,000 after purchasing an additional 2,060 shares in the last quarter. Finally, LRI Investments LLC grew its stake in Intel by 20.5% during the 1st quarter. LRI Investments LLC now owns 18,069 shares of the chip maker's stock valued at $410,000 after purchasing an additional 3,071 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on INTC. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Morgan Stanley cut their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, UBS Group raised their price target on Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.95.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.30 during mid-day trading on Friday, reaching $23.10. The company had a trading volume of 60,111,927 shares, compared to its average volume of 86,198,676. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market cap of $100.76 billion, a PE ratio of -5.16 and a beta of 1.15. The company has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $21.38. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $34.58.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the firm posted $0.18 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts anticipate that Intel Corporation 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.