Integrated Advisors Network LLC Sells 1,878 Shares of Intel Co. (NASDAQ:INTC)

Integrated Advisors Network LLC cut its position in Intel Co. (NASDAQ:INTC) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 12,489 shares of the chip maker’s stock after selling 1,878 shares during the period. Integrated Advisors Network LLC’s holdings in Intel were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in INTC. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC bought a new position in Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter valued at $28,000. Conquis Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $32,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at $34,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a research report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. cut their target price on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Susquehanna lowered 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. Finally, Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.57.

Intel Price Performance

INTC stock opened at $20.14 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The company’s fifty day simple moving average is $20.43 and its 200 day simple moving average is $21.14. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last posted 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. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the company posted $0.18 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts expect that Intel Co. 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.