Voya Investment Management LLC Sells 66,359 Shares of Intel Co. (NASDAQ:INTC)

Voya Investment Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,658,378 shares of the chip maker's stock after selling 66,359 shares during the quarter. Voya Investment Management LLC's holdings in Intel were worth $33,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Finley Financial LLC bought a new stake in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth approximately $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 bought a new position in shares of Intel during the 4th quarter worth approximately $31,000. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Cfra Research raised shares of Intel to a "hold" rating in a research report on Friday, April 25th. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Susquehanna reduced their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho lowered their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Five equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.23.

Intel Stock Performance

Shares of Intel stock traded down $0.53 on Wednesday, reaching $19.82. 28,247,975 shares of the company traded hands, compared to its average volume of 79,373,853. The company has a 50 day moving average of $21.70 and a 200 day moving average of $21.82. 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. The firm has a market capitalization of $86.41 billion, a PE ratio of -4.52 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .4% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. Equities analysts forecast that Intel Co. will post -0.11 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.