Capital World Investors Sells 8,875 Shares of Intel Co. (NASDAQ:INTC)

Capital World Investors lowered its position in Intel Co. (NASDAQ:INTC) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,427,730 shares of the chip maker’s stock after selling 8,875 shares during the period. Capital World Investors’ holdings in Intel were worth $189,026,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Finley Financial LLC bought a new stake in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 1.6 %

INTC stock opened at $18.93 on Monday. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock has a market cap of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. The company has a fifty day moving average price of $22.34 and a two-hundred day moving average price of $21.95. 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 (NASDAQ:INTC) last announced its earnings results 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 3.27% and a negative net margin of 35.32%. Equities analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $25.38.

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.