MidWestOne Financial Group Inc. Sells 6,330 Shares of Intel Co. (NASDAQ:INTC)

MidWestOne Financial Group Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,238 shares of the chip maker’s stock after selling 6,330 shares during the period. MidWestOne Financial Group Inc.’s holdings in Intel were worth $1,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Intel by 15.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 818,868 shares of the chip maker’s stock valued at $16,418,000 after purchasing an additional 108,581 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in shares of Intel during the fourth quarter worth about $615,000. White Knight Strategic Wealth Advisors LLC increased its position in shares of Intel by 103.4% during the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 26,880 shares of the chip maker’s stock worth $539,000 after acquiring an additional 13,665 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth about $6,905,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 0.5%

INTC opened at $21.27 on Wednesday. The company’s 50-day moving average price is $21.36 and its two-hundred day moving average price is $21.66. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $92.78 billion, a price-to-earnings ratio of -4.86 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent research reports. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. Morgan Stanley decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Wedbush decreased their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Mizuho decreased their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.67.

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.