Intel Co. (NASDAQ:INTC) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 60.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,191 shares of the chip maker's stock after selling 63,609 shares during the quarter. Ionic Capital Management LLC's holdings in Intel were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC boosted its holdings in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Intel in the 4th quarter valued at $276,000. Freestone Grove Partners LP acquired a new stake in Intel during the 4th quarter worth $62,654,000. Finally, Rheos Capital Works Inc. lifted its position in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

INTC traded up $0.38 on Tuesday, hitting $22.56. 25,349,877 shares of the company were exchanged, compared to its average volume of 79,867,823. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $98.40 billion, a P/E ratio of -5.15 and a beta of 1.15. The business's fifty day moving average is $21.27 and its 200 day moving average is $21.69.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations 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 revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTC shares. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Morgan Stanley lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Susquehanna cut their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.23.

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.