Capital International Investors Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Capital International Investors lowered its position in shares of Intel Co. (NASDAQ:INTC) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,710,545 shares of the chip maker’s stock after selling 800,647 shares during the period. Capital International Investors’ holdings in Intel were worth $274,896,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel in the fourth quarter worth $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 1.6 %

NASDAQ INTC opened at $18.93 on Friday. The stock’s 50-day moving average price is $22.34 and its 200-day moving average price is $21.96. The company has a market capitalization of $82.55 billion, a P/E ratio of -4.32 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Susquehanna reduced their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.38.

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.