Jacobs Levy Equity Management Inc. Lowers Stake in Intel Co. (NASDAQ:INTC)

Jacobs Levy Equity Management Inc. trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,409,427 shares of the chip maker's stock after selling 1,004,117 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.22% of Intel worth $188,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on INTC shares. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Rosenblatt Securities cut their price target 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. Six 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $22.23.

Intel Stock Up 2.2%

Shares of INTC stock traded up $0.49 on Tuesday, reaching $22.67. 18,022,189 shares of the company were exchanged, compared to its average volume of 79,848,000. 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 50-day moving average of $21.27 and a 200-day moving average of $21.69. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a market cap of $98.87 billion, a price-to-earnings ratio of -5.15 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, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for 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 company's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current 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.