Sunbelt Securities Inc. decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 93.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,028 shares of the chip maker's stock after selling 118,800 shares during the quarter. Sunbelt Securities Inc.'s holdings in Intel were worth $182,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Cornerstone Advisory LLC lifted its holdings in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after acquiring an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares during the last quarter. Finally, Capital International Sarl raised its position in shares of Intel by 4.1% during the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Price Performance
Shares of NASDAQ INTC opened at $22.69 on Monday. The company has a fifty day moving average price of $20.81 and a 200 day moving average price of $21.13. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. 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 cap of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the prior year, the business posted $0.18 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. Research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have commented on INTC shares. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Cfra Research upgraded shares of Intel to a "hold" rating in a research report on Friday, April 25th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Cantor Fitzgerald dropped their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.57.
Check Out Our Latest Report on Intel
About Intel
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
