Bordeaux Wealth Advisors LLC Reduces Position in Intel Corporation (NASDAQ:INTC)

Bordeaux Wealth Advisors LLC lessened its position in shares of Intel Corporation (NASDAQ:INTCFree Report) by 5.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,491 shares of the chip maker’s stock after selling 777 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Intel were worth $306,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. Conquis Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Intel in the 1st quarter valued at approximately $32,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of Intel in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.8%

INTC opened at $22.69 on Friday. The business’s fifty day moving average is $20.81 and its two-hundred day moving average is $21.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The company has a market cap of $98.97 billion, a price-to-earnings ratio of -5.06 and a beta of 1.12. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTCGet Free Report) last posted 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 company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. Analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on INTC. Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price on the stock. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Finally, Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.57.

Read Our Latest Stock Report on Intel

Intel Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTCFree Report).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.