Intel Co. (NASDAQ:INTC) Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 419,121 shares of the chip maker's stock after selling 19,017 shares during the quarter. Janus Henderson Group PLC's holdings in Intel were worth $8,410,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Susquehanna reduced their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Mizuho cut their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.67.

Intel Trading Up 0.5%

Shares of Intel stock opened at $21.66 on Friday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $21.40 and its 200-day simple moving average is $21.68. The company has a market cap of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. As a group, sell-side analysts expect that Intel Co. will post -0.11 EPS 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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