Simmons Bank Has $375,000 Position in Intel Corporation (NASDAQ:INTC)

Simmons Bank reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 59.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,533 shares of the chip maker's stock after selling 24,203 shares during the period. Simmons Bank's holdings in Intel were worth $375,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Assetmark Inc. grew its holdings in Intel by 121.8% in the 4th quarter. Assetmark Inc. now owns 5,286 shares of the chip maker's stock valued at $106,000 after buying an additional 2,903 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Intel in the fourth quarter valued at about $1,789,000. Raymond James Financial Inc. acquired a new position in shares of Intel in the fourth quarter valued at about $53,465,000. Callan Family Office LLC bought a new position in Intel during the fourth quarter worth about $279,000. Finally, West Family Investments Inc. acquired a new stake in Intel in the 4th quarter worth about $265,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTC. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Mizuho boosted their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday. Sanford C. Bernstein reduced their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Six research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.62.

Intel Price Performance

Shares of INTC stock traded up $0.53 on Friday, reaching $22.41. The company had a trading volume of 61,175,951 shares, compared to its average volume of 86,374,374. The business's 50-day moving average is $21.04 and its 200 day moving average is $21.20. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $97.73 billion, a PE ratio of -5.00 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. Equities research analysts forecast 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.