Stratos Wealth Partners LTD. Sells 18,089 Shares of Intel Corporation (NASDAQ:INTC)

Stratos Wealth Partners LTD. reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,667 shares of the chip maker's stock after selling 18,089 shares during the period. Stratos Wealth Partners LTD.'s holdings in Intel were worth $3,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. China Universal Asset Management Co. Ltd. boosted its position in Intel by 52.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 106,947 shares of the chip maker's stock valued at $2,429,000 after buying an additional 36,757 shares during the period. Alpha Cubed Investments LLC boosted its position in Intel by 30.3% during the 1st quarter. Alpha Cubed Investments LLC now owns 27,189 shares of the chip maker's stock valued at $617,000 after buying an additional 6,330 shares during the period. Yong Rong HK Asset Management Ltd boosted its position in Intel by 275.0% during the 1st quarter. Yong Rong HK Asset Management Ltd now owns 75,000 shares of the chip maker's stock valued at $1,704,000 after buying an additional 55,000 shares during the period. Crossmark Global Holdings Inc. boosted its position in Intel by 1.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 198,411 shares of the chip maker's stock valued at $4,506,000 after buying an additional 2,652 shares during the period. Finally, Wood Tarver Financial Group LLC boosted its position in Intel by 103.1% during the 1st quarter. Wood Tarver Financial Group LLC now owns 1,891 shares of the chip maker's stock valued at $43,000 after buying an additional 960 shares during the period. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ INTC traded down $0.29 during trading hours on Friday, hitting $23.54. 26,703,895 shares of the company's stock traded hands, compared to its average volume of 86,165,694. The business's fifty day moving average price is $21.27 and its two-hundred day moving average price is $21.29. 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 firm has a market capitalization of $102.66 billion, a P/E ratio of -5.25 and a beta of 1.15. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) 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 analyst estimates 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 previous year, the business posted $0.18 earnings per share. Equities research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INTC shares. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Wedbush decreased 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.76.

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.