Victory Capital Management Inc. Has $72.37 Million Stock Position in Intel Corporation (NASDAQ:INTC)

Victory Capital Management Inc. decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,186,748 shares of the chip maker's stock after selling 71,457 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Intel worth $72,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel in the first quarter worth about $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. acquired a new stake in Intel in the 1st quarter worth approximately $32,000. Olde Wealth Management LLC bought a new stake in Intel during the first quarter worth approximately $31,000. Finally, EQ Wealth Advisors LLC acquired a new position in Intel during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on INTC shares. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. cut their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Sanford C. Bernstein cut their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Five 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.95.

Intel Trading Up 1.3%

Intel stock traded up $0.30 during trading hours on Friday, reaching $23.10. 60,111,927 shares of the company's stock traded hands, compared to its average volume of 86,198,676. The firm has a market capitalization of $100.76 billion, a price-to-earnings ratio of -5.16 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $34.58. The firm's 50 day moving average is $21.53 and its 200-day moving average is $21.38.

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