Intel Co. (NASDAQ:INTC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,981,352 shares of the chip maker’s stock after selling 362,942 shares during the period. Ameriprise Financial Inc. owned about 0.09% of Intel worth $76,770,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. UBS Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Six analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.23.

Intel Trading Up 2.1 %

Shares of INTC opened at $21.44 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The business’s 50-day moving average price is $21.24 and its 200 day moving average price is $21.70.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was down .4% on a year-over-year basis. Analysts expect that Intel Co. will post -0.11 earnings per share 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.