Intel Co. (NASDAQ:INTC) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,989,218 shares of the chip maker's stock after selling 182,454 shares during the period. Mercer Global Advisors Inc. ADV owned 0.07% of Intel worth $59,934,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Westbourne Investments Inc. purchased a new position in shares of Intel during the fourth quarter worth about $341,000. Freestone Grove Partners LP purchased a new position in Intel during the 4th quarter worth approximately $62,654,000. One68 Global Capital LLC purchased a new position in Intel during the 4th quarter worth approximately $501,000. Parvin Asset Management LLC acquired a new position in Intel during the fourth quarter worth approximately $264,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Intel by 33.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 20,942 shares of the chip maker's stock valued at $420,000 after acquiring an additional 5,196 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INTC shares. Morgan Stanley cut their target price 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. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Rosenblatt Securities reduced their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $22.23.

Intel Trading Up 3.2 %

Shares of NASDAQ INTC traded up $0.64 on Friday, reaching $20.62. 63,092,152 shares of the company traded hands, compared to its average volume of 79,653,033. 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 has a market capitalization of $89.92 billion, a PE ratio of -4.71 and a beta of 1.13. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a 50 day moving average of $21.47 and a 200 day moving average of $21.77.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The company 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 business's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. On average, equities research analysts forecast 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.