Mn Services Vermogensbeheer B.V. Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Mn Services Vermogensbeheer B.V. lowered its stake in Intel Co. (NASDAQ:INTC - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,562,300 shares of the chip maker's stock after selling 111,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Intel were worth $35,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Norges Bank bought a new stake in shares of Intel in the fourth quarter worth about $1,246,569,000. Finally, Northern Trust Corp grew its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Down 3.0%

Shares of NASDAQ INTC traded down $0.63 during trading on Friday, reaching $20.14. The company had a trading volume of 87,385,210 shares, compared to its average volume of 83,642,449. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business's 50-day moving average is $20.43 and its 200 day moving average is $21.14. The stock has a market cap of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTC. Cantor Fitzgerald dropped their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Mizuho decreased their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $21.57.

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.