Intel Co. (NASDAQ:INTC) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,740,500 shares of the chip maker's stock after selling 4,133,661 shares during the period. Intel makes up about 1.0% of Rafferty Asset Management LLC's portfolio, making the stock its 22nd biggest holding. Rafferty Asset Management LLC owned about 0.32% of Intel worth $275,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Claro Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at about $260,000. Miracle Mile Advisors LLC raised its stake in shares of Intel by 82.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 61,245 shares of the chip maker's stock valued at $1,228,000 after buying an additional 27,607 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in shares of Intel by 68.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 40,519 shares of the chip maker's stock valued at $812,000 after buying an additional 16,497 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Intel during the 4th quarter valued at about $150,000. Finally, Floyd Financial Group LLC purchased a new position in shares of Intel during the 4th quarter valued at about $1,470,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

INTC traded up $0.11 during trading on Friday, reaching $21.66. The company's stock had a trading volume of 55,062,379 shares, compared to its average volume of 80,502,901. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $21.68. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market cap of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its 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. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the company posted $0.18 EPS. The business's revenue was down .4% on a year-over-year basis. As a group, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. Mizuho reduced their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.