Compagnie Lombard Odier SCmA Sells 2,300 Shares of Intel Co. (NASDAQ:INTC)

Compagnie Lombard Odier SCmA lessened its stake in Intel Co. (NASDAQ:INTC) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,122 shares of the chip maker’s stock after selling 2,300 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Intel were worth $10,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Freestone Grove Partners LP purchased a new position in Intel in the 4th quarter worth approximately $62,654,000. Clifford Swan Investment Counsel LLC increased its holdings in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after buying an additional 15,214 shares in the last quarter. Toronto Dominion Bank raised its position in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after buying an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock valued at $2,905,000 after acquiring an additional 71,049 shares during the period. Finally, Alteri Wealth LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $2,379,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of Intel stock opened at $20.68 on Thursday. The stock’s 50-day simple moving average is $20.37 and its 200-day simple moving average is $21.21. The company has a market capitalization of $90.21 billion, a price-to-earnings ratio of -4.72 and a beta of 1.12. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 EPS. The company’s revenue was down .4% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several research reports. Mizuho dropped their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price on the stock. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Cfra Research raised shares of Intel to a “hold” rating in a report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Six research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.57.

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.