Wedbush Securities Inc. Has $1.80 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Wedbush Securities Inc. lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 15.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,214 shares of the chip maker's stock after selling 14,271 shares during the quarter. Wedbush Securities Inc.'s holdings in Intel were worth $1,799,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of INTC. Thrivent Financial for Lutherans lifted its holdings in Intel by 0.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker's stock worth $4,356,000 after buying an additional 743 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Intel during the 4th quarter worth approximately $34,000. Modern Wealth Management LLC lifted its holdings in Intel by 53.1% during the 4th quarter. Modern Wealth Management LLC now owns 18,707 shares of the chip maker's stock worth $370,000 after buying an additional 6,487 shares during the last quarter. PKS Advisory Services LLC bought a new position in Intel during the 4th quarter worth approximately $218,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Intel during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research analyst reports. Sanford C. Bernstein reduced their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Susquehanna cut their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $22.25.

Intel Price Performance

Shares of INTC stock traded down $0.86 during mid-day trading on Thursday, hitting $22.63. 123,392,420 shares of the stock traded hands, compared to its average volume of 67,809,072. The firm has a market cap of $98.71 billion, a price-to-earnings ratio of -5.05 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. The company's 50-day simple moving average is $21.66 and its 200-day simple moving average is $21.49. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $31.99.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company's revenue was down .4% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. As a group, equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

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.