Intel Co. (NASDAQ:INTC) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC cut its position in Intel Co. (NASDAQ:INTC) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,280 shares of the chip maker’s stock after selling 1,860 shares during the period. Naples Global Advisors LLC’s holdings in Intel were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new stake in shares of Intel in the fourth quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp boosted its stake in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC stock opened at $20.06 on Friday. 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 company has a market capitalization of $87.50 billion, a PE ratio of -4.58 and a beta of 1.15. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The business’s fifty day moving average price is $20.39 and its 200 day moving average price is $21.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.18 EPS. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Seaport Res Ptn raised Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Citigroup reissued a “sell” rating on shares of Intel in a research note on Friday, April 25th. Finally, Barclays reissued a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $21.57.

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.