Ancora Advisors LLC Lowers Stake in Intel Co. (NASDAQ:INTC)

Ancora Advisors LLC lessened its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,340 shares of the chip maker's stock after selling 23,690 shares during the quarter. Ancora Advisors LLC's holdings in Intel were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares during the period. Nordea Investment Management AB grew its stake in Intel by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker's stock valued at $7,028,000 after acquiring an additional 19,895 shares in the last quarter. Diversified Trust Co increased its holdings in Intel by 1.8% in the 4th quarter. Diversified Trust Co now owns 83,791 shares of the chip maker's stock valued at $1,680,000 after acquiring an additional 1,445 shares during the last quarter. InvesTrust bought a new position in shares of Intel during the 4th quarter valued at about $3,696,000. Finally, Lynch & Associates IN grew its position in shares of Intel by 4.1% during the fourth quarter. Lynch & Associates IN now owns 22,940 shares of the chip maker's stock valued at $460,000 after purchasing an additional 904 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock traded up $0.44 during trading hours on Friday, hitting $21.44. The company's stock had a trading volume of 48,709,914 shares, compared to its average volume of 79,718,527. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a market cap of $93.52 billion, a price-to-earnings ratio of -4.89 and a beta of 1.15. The business has a fifty day moving average of $21.24 and a 200-day moving average of $21.71.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, StockNews.com upgraded Intel from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $22.23.

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.