Intel Co. (NASDAQ:INTC) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,903,798 shares of the chip maker’s stock after selling 1,110,138 shares during the period. Intel accounts for 1.1% of Van ECK Associates Corp’s holdings, making the stock its 16th biggest position. Van ECK Associates Corp owned about 0.99% of Intel worth $860,221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of INTC. Kentucky Trust Co purchased a new position in shares of Intel in the fourth quarter valued at approximately $482,000. Sage Private Wealth Group LLC raised its stake in Intel by 12.8% in the 4th quarter. Sage Private Wealth Group LLC now owns 17,202 shares of the chip maker’s stock valued at $345,000 after purchasing an additional 1,956 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Intel in the 4th quarter valued at $99,000. Mill Creek Capital Advisors LLC lifted its holdings in Intel by 6.5% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock valued at $254,000 after purchasing an additional 774 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its stake in Intel by 14.4% during the 4th quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock worth $2,343,000 after purchasing an additional 14,699 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

Shares of Intel stock opened at $22.48 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business has a 50-day moving average of $20.20 and a 200 day moving average of $21.70. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal 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.