KPP Advisory Services LLC Lowers Position in Intel Corporation (NASDAQ:INTC)

KPP Advisory Services LLC lessened its stake in Intel Corporation (NASDAQ:INTC) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,689 shares of the chip maker’s stock after selling 3,060 shares during the period. KPP Advisory Services LLC’s holdings in Intel were worth $379,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on INTC. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Sanford C. Bernstein decreased their target price on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their target price on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.57.

Intel Stock Performance

NASDAQ INTC opened at $22.50 on Friday. The company has a market capitalization of $98.15 billion, a PE ratio of -5.02 and a beta of 1.12. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $20.73 and its 200 day moving average price is $21.10. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping 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 return on equity of 3.15% and a negative net margin of 36.19%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

About Intel

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.