Howard Capital Management Inc. Lowers Holdings in Intel Corporation (NASDAQ:INTC)

Howard Capital Management Inc. decreased its position in shares of Intel Corporation (NASDAQ:INTC) by 12.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 113,163 shares of the chip maker’s stock after selling 16,405 shares during the quarter. Howard Capital Management Inc.’s holdings in Intel were worth $2,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTC. N.E.W. Advisory Services LLC bought a new stake in Intel during the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel during the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel during the first quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on INTC. Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research report on Monday, July 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, July 25th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, July 25th. Finally, Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $22.30.

Intel Price Performance

Shares of NASDAQ INTC opened at $20.41 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market capitalization of $89.33 billion, a price-to-earnings ratio of -4.28 and a beta of 1.15. The firm’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $21.52. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $30.91.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 EPS. Analysts expect that Intel Corporation will post -0.11 EPS 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.