Intel Co. (NASDAQ:INTC) Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 37.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,927 shares of the chip maker’s stock after selling 96,566 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Intel were worth $3,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornerstone Advisory LLC grew its stake in shares of Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its stake 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 worth $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. grew its stake 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 worth $3,263,000 after acquiring an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake 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 worth $501,000 after acquiring an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC grew its stake in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTC. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research note on Wednesday, May 21st. They set a “hold” rating and a $23.00 price target on the stock. Wedbush decreased their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities decreased their price target on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.57.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $20.06 on Friday. The stock has a market capitalization of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.12. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $20.39 and a two-hundred day moving average price of $21.26.

Intel (NASDAQ:INTC) last announced 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. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.