Caisse DE Depot ET Placement DU Quebec Sells 2,392,699 Shares of Intel Co. (NASDAQ:INTC)

Caisse DE Depot ET Placement DU Quebec reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 75.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,368 shares of the chip maker's stock after selling 2,392,699 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Intel were worth $15,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Evergreen Capital Management LLC grew its holdings in Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the last quarter. CFM Wealth Partners LLC raised its holdings in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC boosted its holdings in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after purchasing an additional 508 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ:INTC traded down $0.35 during mid-day trading on Monday, reaching $20.27. The stock had a trading volume of 40,566,525 shares, compared to its average volume of 79,682,680. Intel Co. has a one year low of $17.67 and a one year 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. The firm has a 50 day moving average price of $21.47 and a two-hundred day moving average price of $21.76. The stock has a market capitalization of $88.42 billion, a P/E ratio of -4.63 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective 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. StockNews.com upgraded Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. UBS Group decreased their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Sanford C. Bernstein dropped their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Susquehanna decreased their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.23.

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.