Intel Co. (NASDAQ:INTC) Shares Sold by Capital International Investors

Capital International Investors lowered its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,710,545 shares of the chip maker's stock after selling 800,647 shares during the quarter. Capital International Investors owned 0.32% of Intel worth $274,896,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter valued at about $31,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of NASDAQ INTC traded up $1.01 during midday trading on Wednesday, hitting $20.52. The stock had a trading volume of 58,839,301 shares, compared to its average volume of 78,765,512. 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 Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market capitalization of $89.48 billion, a PE ratio of -4.68 and a beta of 1.13. The stock has a 50 day simple moving average of $22.17 and a 200-day simple moving average of $21.91.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INTC. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Monday, April 14th. 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. Finally, Wedbush lowered their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $24.00.

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.