Intel Co. (NASDAQ:INTC) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,451 shares of the chip maker's stock after selling 68,958 shares during the period. Ethic Inc.'s holdings in Intel were worth $6,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Intel during the fourth quarter valued at $1,246,569,000. Assenagon Asset Management S.A. boosted its position in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after purchasing an additional 14,227,458 shares in the last quarter. Northern Trust Corp raised its holdings in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Vanguard Group Inc. grew its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Intel in the 4th quarter worth approximately $93,393,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 3.5%

NASDAQ:INTC traded up $0.76 during mid-day trading on Monday, hitting $22.18. 94,407,632 shares of the company's stock traded hands, compared to its average volume of 80,074,478. The company has a market capitalization of $96.75 billion, a P/E ratio of -5.06 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month 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 company has a fifty day moving average of $21.24 and a 200 day moving average of $21.70.

Intel (NASDAQ:INTC - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on INTC. Mizuho cut their price target on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Cfra Research raised shares of Intel to a "hold" rating in a research report on Friday, April 25th. Wedbush dropped their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six investment 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. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average target price of $22.23.

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.