Intel Corporation (NASDAQ:INTC) Shares Sold by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC reduced its stake in Intel Corporation (NASDAQ:INTC) by 16.4% during the 1st quarter, Holdings Channel reports. The fund owned 10,684 shares of the chip maker’s stock after selling 2,099 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Intel were worth $243,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INTC. Proficio Capital Partners LLC acquired a new stake in Intel in the fourth quarter valued at $1,789,000. Natixis Advisors LLC grew its holdings in shares of Intel by 81.9% during the fourth quarter. Natixis Advisors LLC now owns 580,122 shares of the chip maker’s stock worth $11,631,000 after purchasing an additional 261,264 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Intel by 0.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker’s stock worth $4,356,000 after purchasing an additional 743 shares during the last quarter. Vinva Investment Management Ltd grew its holdings in shares of Intel by 77.0% during the fourth quarter. Vinva Investment Management Ltd now owns 191,633 shares of the chip maker’s stock worth $3,798,000 after purchasing an additional 83,363 shares during the last quarter. Finally, Koss Olinger Consulting LLC grew its holdings in shares of Intel by 4.8% during the fourth quarter. Koss Olinger Consulting LLC now owns 21,645 shares of the chip maker’s stock worth $434,000 after purchasing an additional 1,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Up 1.6%

Shares of NASDAQ INTC traded up $0.37 during trading on Friday, hitting $23.17. 10,302,028 shares of the company traded hands, compared to its average volume of 86,007,682. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $36.30. The company has a 50-day moving average price of $21.53 and a 200-day moving average price of $21.38. The firm has a market capitalization of $101.05 billion, a P/E ratio of -5.15 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 net margin of 36.19% and a negative return on equity of 3.15%. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period in the prior year, the company earned $0.18 EPS. The firm’s revenue was down .4% on a year-over-year basis. On average, equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Seaport Res Ptn raised Intel to a “strong sell” rating in a report on Wednesday, April 30th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, Barclays reissued a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.95.

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.