Ariel Investments LLC Sells 41,034 Shares of Intel Co. (NASDAQ:INTC)

Ariel Investments LLC reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 987,776 shares of the chip maker's stock after selling 41,034 shares during the quarter. Ariel Investments LLC's holdings in Intel were worth $19,805,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley dropped their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Sanford C. Bernstein reduced their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday. Finally, Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $22.23.

Intel Stock Up 3.2 %

Shares of NASDAQ:INTC opened at $20.62 on Friday. The company has a 50 day moving average price of $21.47 and a two-hundred day moving average price of $21.77. The company has a market capitalization of $89.92 billion, a PE ratio of -4.71 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The firm's revenue was down .4% compared to the same quarter last year. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

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.

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