Intel Corporation (NASDAQ:INTC) Stock Holdings Decreased by Blue Trust Inc.

Blue Trust Inc. reduced its holdings in Intel Corporation (NASDAQ:INTC) by 15.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,417 shares of the chip maker’s stock after selling 6,413 shares during the period. Blue Trust Inc.’s holdings in Intel were worth $804,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter worth $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth about $28,000. Conquis Financial LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $32,000. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC opened at $21.08 on Friday. 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 firm has a 50-day moving average of $20.53 and a 200-day moving average of $21.08. The company has a market cap of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter last year, the company posted $0.18 EPS. Intel’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Mizuho decreased their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Wedbush cut their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Six research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.57.

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.