Bell Bank Sells 167,895 Shares of Intel Co. (NASDAQ:INTC)

Bell Bank cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 70.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,718 shares of the chip maker's stock after selling 167,895 shares during the period. Bell Bank's holdings in Intel were worth $1,418,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in INTC. Assenagon Asset Management S.A. grew its position in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after buying an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after buying an additional 12,865,308 shares in the last quarter. Van ECK Associates Corp grew its position in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after buying an additional 9,422,136 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock worth $244,302,000 after buying an additional 7,207,785 shares in the last quarter. Finally, State Street Corp grew its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after buying an additional 5,417,753 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTC. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.88.

Intel Trading Down 4.7 %

INTC stock traded down $1.23 during trading on Friday, hitting $24.87. The company had a trading volume of 111,281,705 shares, compared to its average volume of 114,188,720. 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 firm has a 50-day moving average price of $20.84 and a 200-day moving average price of $21.65. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.