Dynamic Advisor Solutions LLC Sells 864 Shares of Intel Corporation (NASDAQ:INTC)

Dynamic Advisor Solutions LLC reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,017 shares of the chip maker’s stock after selling 864 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Intel were worth $1,159,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of Intel by 12.4% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,087 shares of the chip maker’s stock valued at $297,000 after buying an additional 1,440 shares in the last quarter. Lakeridge Wealth Management LLC lifted its position in shares of Intel by 4.4% during the 1st quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker’s stock valued at $284,000 after buying an additional 525 shares in the last quarter. Everpar Advisors LLC purchased a new position in shares of Intel during the 1st quarter valued at about $250,000. Opal Wealth Advisors LLC lifted its position in shares of Intel by 39.8% during the 1st quarter. Opal Wealth Advisors LLC now owns 17,441 shares of the chip maker’s stock valued at $396,000 after buying an additional 4,967 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Intel by 33.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 666,600 shares of the chip maker’s stock valued at $15,138,000 after buying an additional 168,103 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $20.80 on Wednesday. The stock’s fifty day moving average is $20.47 and its 200 day moving average is $21.10. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm has a market capitalization of $90.73 billion, a PE ratio of -4.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last released 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. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. Intel’s quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTC. JPMorgan Chase & Co. lowered their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. Seaport Res Ptn raised Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Susquehanna lowered their price target on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a report on Friday, April 25th. Finally, Mizuho lowered their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock 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 given a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $21.57.

Intel Company 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.