Sigma Planning Corp Has $889,000 Stock Holdings in Intel Corporation (NASDAQ:INTC)

Sigma Planning Corp reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 52.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 39,139 shares of the chip maker’s stock after selling 43,074 shares during the period. Sigma Planning Corp’s holdings in Intel were worth $889,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Catalyst Financial Partners LLC boosted its position in Intel by 12.6% during the first quarter. Catalyst Financial Partners LLC now owns 29,469 shares of the chip maker’s stock worth $669,000 after purchasing an additional 3,298 shares during the period. Signaturefd LLC lifted its holdings in shares of Intel by 62.3% during the 1st quarter. Signaturefd LLC now owns 56,357 shares of the chip maker’s stock worth $1,280,000 after acquiring an additional 21,642 shares during the period. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Intel by 29.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 17,179 shares of the chip maker’s stock worth $390,000 after acquiring an additional 3,928 shares during the period. Bleakley Financial Group LLC raised its stake in Intel by 4.5% during the first quarter. Bleakley Financial Group LLC now owns 47,367 shares of the chip maker’s stock worth $1,076,000 after acquiring an additional 2,060 shares in the last quarter. Finally, LRI Investments LLC raised its stake in Intel by 20.5% during the first quarter. LRI Investments LLC now owns 18,069 shares of the chip maker’s stock worth $410,000 after acquiring an additional 3,071 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Wedbush reduced their target price on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Mizuho increased their price target on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research report on Wednesday, May 21st. They set a “hold” rating and a $23.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Finally, Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, April 25th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.95.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.80 on Friday. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $36.30. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $99.45 billion, a PE ratio of -5.09 and a beta of 1.15. The firm has a fifty day simple moving average of $21.53 and a 200 day simple moving average of $21.38.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, sell-side analysts forecast 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.