Intel Co. (NASDAQ:INTC) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,291 shares of the chip maker’s stock after selling 1,000 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Intel were worth $234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Principal Securities Inc. boosted its holdings in shares of Intel by 19.6% in the fourth quarter. Principal Securities Inc. now owns 40,722 shares of the chip maker’s stock valued at $816,000 after acquiring an additional 6,668 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Intel by 9.2% in the fourth quarter. Allworth Financial LP now owns 253,820 shares of the chip maker’s stock valued at $5,549,000 after acquiring an additional 21,425 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Intel during the fourth quarter worth approximately $782,000. Csenge Advisory Group boosted its holdings in Intel by 10.0% during the fourth quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker’s stock worth $837,000 after buying an additional 3,780 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Intel during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

INTC opened at $20.74 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $90.47 billion, a price-to-earnings ratio of -4.74 and a beta of 1.12. The firm’s fifty day moving average price is $20.49 and its two-hundred day moving average price is $21.10. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays restated a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and upped their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Morgan Stanley reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target 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.