Intel Corporation (NASDAQ:INTC) Stake Lessened by PFG Investments LLC

PFG Investments LLC lessened its holdings in Intel Corporation (NASDAQ:INTC) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,933 shares of the chip maker’s stock after selling 13,002 shares during the period. PFG Investments LLC’s holdings in Intel were worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of INTC. Freestone Grove Partners LP purchased a new position in Intel during the 4th quarter valued at about $62,654,000. Clifford Swan Investment Counsel LLC boosted its holdings in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after purchasing an additional 15,214 shares during the period. Toronto Dominion Bank grew its position in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC grew its position in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock valued at $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC acquired a new position in Intel in the 4th quarter valued at approximately $2,379,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 1.9%

Shares of NASDAQ INTC opened at $21.08 on Friday. The company has a market cap of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. The company has a current ratio of 1.31, a quick ratio of 0.93 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 $37.16. The stock has a 50-day moving average price of $20.53 and a two-hundred day moving average price of $21.08.

Intel (NASDAQ:INTC) 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. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 EPS. Intel’s quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INTC shares. Barclays restated a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Citigroup reissued a “sell” rating on shares of Intel in a research report on Friday, April 25th. Seaport Res Ptn raised Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Wedbush lowered their price target on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.57.

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.