Intel Co. (NASDAQ:INTC) Shares Sold by Next Level Private LLC

Next Level Private LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 44.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,241 shares of the chip maker's stock after selling 16,303 shares during the quarter. Next Level Private LLC's holdings in Intel were worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in shares of Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp grew its holdings in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. Finally, State Street Corp boosted its position in Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on INTC shares. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Bank of America restated an "underperform" rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Finally, Benchmark restated a "hold" rating on shares of Intel in a research report on Friday. Five 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.60.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company's stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.04% of the company's stock.

Intel Trading Down 2.8 %

INTC traded down $0.55 on Friday, hitting $19.46. The company had a trading volume of 97,177,467 shares, compared to its average volume of 72,440,406. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $83.92 billion, a P/E ratio of -5.23, a PEG ratio of 9.64 and a beta of 1.07. The company's fifty day moving average price is $20.88 and its 200 day moving average price is $22.62. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. As a group, equities analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

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.