Diligent Investors LLC Decreases Holdings in Intel Co. (NASDAQ:INTC)

Diligent Investors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,907 shares of the chip maker’s stock after selling 2,429 shares during the period. Diligent Investors LLC’s holdings in Intel were worth $2,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter valued at about $29,000. Finally, Conquis Financial LLC purchased a new position in Intel in the 4th quarter valued at about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 0.2%

Intel stock opened at $20.25 on Thursday. The firm has a market cap of $88.33 billion, a price-to-earnings ratio of -4.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm has a fifty day moving average price of $20.48 and a two-hundred day moving average price of $21.34.

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, topping the consensus estimate 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 company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. Susquehanna decreased their price objective on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Cfra Research upgraded shares of Intel to a “hold” rating in a research note on Friday, April 25th. Rosenblatt Securities dropped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research note on Wednesday, May 21st. They set a “hold” rating and a $23.00 price objective on the stock. Finally, Wedbush cut their price target on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Six equities 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, Intel has a consensus rating of “Hold” and a consensus 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.