Sherbrooke Park Advisers LLC Has $224,000 Stock Position in Intel Co. (NASDAQ:INTC)

Sherbrooke Park Advisers LLC decreased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,149 shares of the chip maker's stock after selling 14,113 shares during the period. Sherbrooke Park Advisers LLC's holdings in Intel were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in Intel during the fourth quarter valued at $14,076,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Intel in the fourth quarter worth about $466,000. ProShare Advisors LLC lifted its position in shares of Intel by 15.7% in the fourth quarter. ProShare Advisors LLC now owns 6,364,979 shares of the chip maker's stock worth $127,618,000 after buying an additional 865,104 shares during the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Intel in the fourth quarter worth about $1,277,000. Finally, Man Group plc lifted its position in shares of Intel by 308.9% in the fourth quarter. Man Group plc now owns 1,339,615 shares of the chip maker's stock worth $26,859,000 after buying an additional 1,011,972 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Mizuho dropped their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. UBS Group dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.67.

Intel Stock Down 0.5%

NASDAQ INTC opened at $21.27 on Wednesday. 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 stock's 50 day moving average is $21.36 and its two-hundred day moving average is $21.66. The company has a market capitalization of $92.78 billion, a price-to-earnings ratio of -4.86 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company 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 quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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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