Stratos Wealth Partners LTD. Trims Holdings in 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intel during the first quarter valued at approximately $30,000. Olde Wealth Management LLC bought a new position in shares of Intel during the first quarter valued at approximately $31,000. Conquis Financial LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Intel in the first quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC traded up $0.38 on Thursday, reaching $23.82. 54,513,208 shares of the company's stock were exchanged, compared to its average volume of 86,264,047. The stock has a market cap of $103.90 billion, a PE ratio of -5.32 and a beta of 1.15. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The stock's fifty day moving average price is $21.20 and its 200-day moving average price is $21.26. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for 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%. Intel's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of "Hold" and a consensus price target of $21.76.

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.