Nan Shan Life Insurance Co. Ltd. Reduces Stake in Intel Co. (NASDAQ:INTC)

Nan Shan Life Insurance Co. Ltd. reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,401,037 shares of the chip maker's stock after selling 54,103 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Intel were worth $28,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NorthRock Partners LLC increased its holdings in shares of Intel by 96.8% during the fourth quarter. NorthRock Partners LLC now owns 40,900 shares of the chip maker's stock worth $820,000 after buying an additional 20,117 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Intel by 2.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,197,729 shares of the chip maker's stock worth $445,064,000 after buying an additional 576,788 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Intel during the fourth quarter worth $2,183,000. Oasis Management Co Ltd. acquired a new position in shares of Intel during the fourth quarter worth $1,203,000. Finally, Meridiem Capital Partners LP acquired a new position in shares of Intel during the fourth quarter worth $9,082,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTC. JPMorgan Chase & Co. decreased their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Morgan Stanley cut their price objective 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. Finally, Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $21.67.

Intel Stock Performance

Shares of INTC traded up $0.11 during mid-day trading on Friday, hitting $21.66. The stock had a trading volume of 55,062,379 shares, compared to its average volume of 80,502,901. The firm has a market cap of $94.48 billion, a P/E ratio of -4.95 and a beta of 1.15. The business has a fifty day moving average price of $21.36 and a 200-day moving average price of $21.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results 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 firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.