Intel Corporation (NASDAQ:INTC) Shares Sold by MASO CAPITAL PARTNERS Ltd

MASO CAPITAL PARTNERS Ltd trimmed its stake in shares of Intel Corporation (NASDAQ:INTC) by 18.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the chip maker’s stock after selling 11,300 shares during the quarter. Intel accounts for 1.7% of MASO CAPITAL PARTNERS Ltd’s portfolio, making the stock its 6th largest holding. MASO CAPITAL PARTNERS Ltd’s holdings in Intel were worth $1,136,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel during the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel during the first quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel during the first quarter worth approximately $30,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Intel during the first quarter worth approximately $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research report on Wednesday, May 21st. They set a “hold” rating and a $23.00 target price on the stock. Citigroup reiterated a “hold” rating on shares of Intel in a research report on Tuesday, July 8th. Morgan Stanley lowered 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, Wall Street Zen cut shares of Intel from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.30.

Intel Stock Down 2.5%

Shares of Intel stock opened at $19.31 on Friday. The business’s 50 day simple moving average is $21.58 and its 200 day simple moving average is $21.51. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55. The firm has a market cap of $84.52 billion, a PE ratio of -4.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the prior year, the business posted $0.02 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

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.