FORA Capital LLC Reduces Holdings in Intel Co. (NASDAQ:INTC)

FORA Capital LLC cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,532 shares of the chip maker's stock after selling 75,696 shares during the quarter. FORA Capital LLC's holdings in Intel were worth $652,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Nordea Investment Management AB increased its stake in Intel by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker's stock valued at $7,028,000 after purchasing an additional 19,895 shares in the last quarter. Lynch & Associates IN increased its stake in Intel by 4.1% in the fourth quarter. Lynch & Associates IN now owns 22,940 shares of the chip maker's stock valued at $460,000 after purchasing an additional 904 shares in the last quarter. West Oak Capital LLC increased its stake in Intel by 269.2% in the fourth quarter. West Oak Capital LLC now owns 7,920 shares of the chip maker's stock valued at $159,000 after purchasing an additional 5,775 shares in the last quarter. Finally, Czech National Bank increased its stake in Intel by 7.6% in the fourth quarter. Czech National Bank now owns 935,144 shares of the chip maker's stock valued at $18,750,000 after purchasing an additional 65,911 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTC shares. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Sanford C. Bernstein decreased 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. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.23.

Intel Trading Up 3.5%

INTC traded up $0.76 during trading on Monday, hitting $22.18. The company's stock had a trading volume of 94,407,632 shares, compared to its average volume of 80,074,478. The firm has a market capitalization of $96.75 billion, a P/E ratio of -5.06 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The stock's fifty day moving average price is $21.24 and its 200-day moving average price is $21.70. 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 (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during 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 quarter in the previous year, the company posted $0.18 earnings per share. Analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

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.