Universal Beteiligungs und Servicegesellschaft mbH Decreases Stock Position in Intel Corporation (NASDAQ:INTC)

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,499,289 shares of the chip maker's stock after selling 34,360 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Intel worth $79,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several 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 in the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel during the 1st quarter worth $30,000. Olde Wealth Management LLC bought a new stake in Intel during the 1st quarter worth $31,000. Conquis Financial LLC bought a new stake in Intel during the 4th quarter worth $32,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Intel during the 1st quarter worth $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC stock traded down $0.86 on Thursday, reaching $22.63. The company's stock had a trading volume of 114,690,763 shares, compared to its average volume of 92,742,828. The stock's 50 day simple moving average is $21.64 and its 200-day simple moving average is $21.47. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $31.99. 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 company has a market capitalization of $98.71 billion, a P/E ratio of -5.05 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. As a group, equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTC shares. Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus raised their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday. 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. Finally, Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and an average target price of $22.25.

About Intel

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.