Hartford Investment Management Co. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Hartford Investment Management Co. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 266,578 shares of the chip maker’s stock after selling 1,772 shares during the period. Hartford Investment Management Co.’s holdings in Intel were worth $5,345,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of INTC. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Intel by 34.6% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 95,312 shares of the chip maker’s stock worth $2,236,000 after purchasing an additional 24,494 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Intel by 62.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,429 shares of the chip maker’s stock worth $690,000 after purchasing an additional 11,272 shares in the last quarter. Harrington Investments INC lifted its stake in Intel by 1.3% in the 3rd quarter. Harrington Investments INC now owns 87,995 shares of the chip maker’s stock worth $2,064,000 after purchasing an additional 1,162 shares in the last quarter. Swedbank AB lifted its stake in Intel by 0.3% in the 3rd quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock worth $39,105,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Prospect Financial Services LLC purchased a new stake in Intel in the 3rd quarter worth $276,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 target price on shares of Intel in a report on Friday, January 31st. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $26.60.

Intel Trading Up 6.1 %

NASDAQ INTC opened at $20.97 on Wednesday. The company has a fifty day simple moving average of $20.23 and a two-hundred day simple moving average of $21.78. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. 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 (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts expect 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.