Creative Financial Designs Inc. ADV Sells 14,247 Shares of Intel Corporation (NASDAQ:INTC)

Creative Financial Designs Inc. ADV lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,414 shares of the chip maker’s stock after selling 14,247 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Intel were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Cornerstone Advisory LLC increased its position in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC lifted its holdings in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after buying an additional 419 shares during the period. Federated Hermes Inc. boosted its position in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after acquiring an additional 456 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Capital International Sarl grew its position in shares of Intel by 4.1% in the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker’s stock worth $260,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock opened at $22.50 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market cap of $98.15 billion, a P/E ratio of -5.02 and a beta of 1.12. The stock’s fifty day moving average price is $20.73 and its 200-day moving average price is $21.10.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The company 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 3.15% and a negative net margin of 36.19%. Intel’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 25th. Morgan Stanley dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Rosenblatt Securities decreased their target price on shares of Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, 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.