Weatherly Asset Management L. P. Sells 12,146 Shares of Intel Corporation (NASDAQ:INTC)

Weatherly Asset Management L. P. lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 30.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,345 shares of the chip maker's stock after selling 12,146 shares during the period. Weatherly Asset Management L. P.'s holdings in Intel were worth $621,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Cornerstone Advisory LLC increased its position in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC increased its position in Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. increased its position in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the period. Ausdal Financial Partners Inc. grew its stake in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares in the last quarter. Finally, Capital International Sarl grew its stake in Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INTC. Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group increased their price objective on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $21.95.

Intel Trading Up 0.5%

Intel stock traded up $0.11 during mid-day trading on Thursday, hitting $22.80. 49,256,145 shares of the stock were exchanged, compared to its average volume of 86,294,658. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $36.30. The firm's fifty day simple moving average is $21.53 and its two-hundred day simple moving average is $21.38. The stock has a market capitalization of $99.45 billion, a price-to-earnings ratio of -5.09 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business earned $0.18 EPS. The company's revenue was down .4% compared to the same quarter last year. Analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.