Xponance Inc. Has $14.63 Million Position in Intel Corporation (NASDAQ:INTC)

Xponance Inc. lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 643,992 shares of the chip maker's stock after selling 18,673 shares during the period. Xponance Inc.'s holdings in Intel were worth $14,625,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Needham & Company LLC reissued a "hold" rating on shares of Intel in a 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 report on Thursday, July 3rd. Finally, Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Five analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.76.

Intel Price Performance

INTC stock traded down $0.39 during midday trading on Friday, reaching $23.43. 49,292,320 shares of the stock were exchanged, compared to its average volume of 86,376,997. The stock has a market capitalization of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The company has a fifty day moving average price of $21.33 and a 200 day moving average price of $21.31.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for 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%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal 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.