Intel Corporation (NASDAQ:INTC) Stake Boosted by Ethic Inc.

Ethic Inc. grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 8.8% in the 1st quarter, Holdings Channel reports. The firm owned 354,054 shares of the chip maker’s stock after acquiring an additional 28,603 shares during the quarter. Ethic Inc.’s holdings in Intel were worth $7,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Advisory LLC grew its holdings 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 purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. Finally, one8zero8 LLC grew its holdings in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on INTC. Morgan Stanley lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, July 25th. Rosenblatt Securities reissued a “sell” rating and issued a $14.00 price objective on shares of Intel in a report on Friday, July 25th. Finally, Cantor Fitzgerald decreased their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.17.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.56 on Friday. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The stock has a fifty day moving average of $21.81 and a 200-day moving average of $21.54. The company has a market capitalization of $107.50 billion, a PE ratio of -5.15 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 quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) 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 company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the company posted $0.02 EPS. Intel’s revenue was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal 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.