Elo Mutual Pension Insurance Co Reduces Stake in Intel Co. (NASDAQ:INTC)

Elo Mutual Pension Insurance Co cut its stake in Intel Co. (NASDAQ:INTC - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,219 shares of the chip maker's stock after selling 14,361 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Intel were worth $7,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the period. Quantbot Technologies LP bought a new position in Intel in the 3rd quarter worth $3,682,000. Townsquare Capital LLC lifted its position in Intel by 2.7% during the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker's stock valued at $1,434,000 after purchasing an additional 1,633 shares in the last quarter. Blueshift Asset Management LLC grew its holdings in Intel by 118.2% during the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker's stock valued at $1,594,000 after purchasing an additional 36,798 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Intel by 4.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker's stock worth $108,499,000 after buying an additional 193,110 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on INTC shares. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note 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 note on Friday, January 31st. Finally, Barclays dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.04.

Intel Stock Down 3.9 %

NASDAQ:INTC traded down $0.91 during midday trading on Friday, reaching $22.71. The company had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. The stock's fifty day simple moving average is $22.33 and its 200-day simple moving average is $22.15. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal 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.