Flagship Harbor Advisors LLC Has $245,000 Holdings in Intel Corporation (NASDAQ:INTC)

Flagship Harbor Advisors LLC trimmed its stake in Intel Corporation (NASDAQ:INTC) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,776 shares of the chip maker’s stock after selling 2,101 shares during the period. Flagship Harbor Advisors LLC’s holdings in Intel were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the fourth quarter valued at $27,000. Synergy Investment Management LLC bought a new stake in Intel in the 4th quarter valued at $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Intel in the 1st quarter valued at $32,000. Conquis Financial LLC bought a new position in shares of Intel during the 4th quarter worth about $32,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Intel during the 4th quarter valued at about $34,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.4%

Shares of NASDAQ:INTC 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. The stock has a market cap of $98.15 billion, a price-to-earnings ratio of -5.02 and a beta of 1.12. The company has a 50 day moving average of $20.73 and a 200-day moving average of $21.10. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. On average, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INTC. Morgan Stanley cut 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 note on Friday, April 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus 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.