Intel Co. (NASDAQ:INTC) Shares Sold by Numerai GP LLC

Numerai GP LLC cut its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,865 shares of the chip maker's stock after selling 24,065 shares during the quarter. Numerai GP LLC's holdings in Intel were worth $799,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter worth $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.52 on Thursday. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The business has a 50-day moving average of $21.33 and a 200-day moving average of $21.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $93.87 billion, a price-to-earnings ratio of -4.91 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company's revenue was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INTC. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Rosenblatt Securities cut their price target on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Sanford C. Bernstein lowered their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.67.

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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