Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 142,175 Shares of Intel Co. (NASDAQ:INTC)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 246,619 shares of the chip maker's stock after selling 142,175 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Intel were worth $4,945,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Intel by 8.2% in the 4th 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 buying an additional 4,793,927 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth about $6,905,000. Woodline Partners LP boosted its stake in shares of Intel by 552.9% during the 4th quarter. Woodline Partners LP now owns 1,657,825 shares of the chip maker's stock worth $33,239,000 after purchasing an additional 1,403,912 shares during the period. Victrix Investment Advisors purchased a new position in shares of Intel during the 4th quarter worth about $1,638,000. Finally, Vident Advisory LLC boosted its stake in shares of Intel by 37.0% during the 4th quarter. Vident Advisory LLC now owns 1,919,310 shares of the chip maker's stock worth $38,482,000 after purchasing an additional 518,640 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INTC shares. Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Sanford C. Bernstein dropped their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Mizuho lowered their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.67.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.38 on Tuesday. The firm has a 50-day simple moving average of $21.41 and a 200-day simple moving average of $21.66. The stock has a market capitalization of $93.26 billion, a price-to-earnings ratio of -4.88 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

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, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. On average, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal 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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