Voloridge Investment Management LLC cut its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,249,041 shares of the chip maker's stock after selling 980,390 shares during the period. Voloridge Investment Management LLC owned approximately 0.08% of Intel worth $65,143,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of INTC. Finley Financial LLC purchased a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter valued at approximately $29,000. Finally, Conquis Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Trading Down 0.5%
Shares of NASDAQ:INTC opened at $21.27 on Wednesday. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company's 50 day moving average is $21.36 and its two-hundred day moving average is $21.66. 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 has a market cap of $92.78 billion, a PE ratio of -4.86 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last posted 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 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 company's revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. UBS Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.67.
View Our Latest Analysis on INTC
About Intel
(
Free Report)
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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