Financial Counselors Inc. Sells 34,846 Shares of Intel Co. (NASDAQ:INTC)

Financial Counselors Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,919 shares of the chip maker's stock after selling 34,846 shares during the period. Financial Counselors Inc.'s holdings in Intel were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in INTC. Vanguard Group Inc. raised its position in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. State Street Corp increased its stake in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its position in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 purchasing an additional 12,865,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock valued at $680,472,000 after purchasing an additional 2,248,342 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Rosenblatt Securities reissued a "sell" rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. UBS Group dropped their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. 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, Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $27.04.

Intel Stock Down 3.9 %

Shares of INTC stock traded down $0.91 on Friday, reaching $22.71. 58,184,763 shares of the company were exchanged, compared to its average volume of 74,652,140. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a market cap of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. The company has a 50-day moving average of $22.33 and a 200-day moving average of $22.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last announced 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%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current 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.