DnB Asset Management AS Decreases Position in Intel Co. (NASDAQ:INTC)

DnB Asset Management AS decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 31.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,270,405 shares of the chip maker's stock after selling 1,492,427 shares during the period. DnB Asset Management AS owned approximately 0.08% of Intel worth $65,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Quest Partners LLC boosted its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average price target of $27.04.

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Intel Trading Down 2.2 %

NASDAQ:INTC traded down $0.50 on Monday, reaching $22.21. The company's stock had a trading volume of 30,806,406 shares, compared to its average volume of 74,484,842. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The stock has a 50 day moving average price of $22.33 and a 200 day moving average price of $22.16. The firm has a market cap of $96.16 billion, a price-to-earnings ratio of -5.07 and a beta of 1.02. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal 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.