Forsta AP Fonden Sells 29,200 Shares of Intel Co. (NASDAQ:INTC)

Forsta AP Fonden lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919,946 shares of the chip maker's stock after selling 29,200 shares during the quarter. Forsta AP Fonden's holdings in Intel were worth $18,445,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in Intel by 169.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker's stock valued at $30,618,000 after purchasing an additional 960,585 shares during the period. R Squared Ltd acquired a new stake in shares of Intel during the 4th quarter worth approximately $123,000. Twelve Points Wealth Management LLC lifted its holdings in shares of Intel by 52.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 38,499 shares of the chip maker's stock worth $772,000 after purchasing an additional 13,197 shares in the last quarter. Orca Wealth Management LLC bought a new position in shares of Intel in the 4th quarter worth $1,329,000. Finally, BSW Wealth Partners lifted its holdings in shares of Intel by 44.2% in the 4th quarter. BSW Wealth Partners now owns 60,909 shares of the chip maker's stock worth $1,221,000 after purchasing an additional 18,668 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Finally, Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.00.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company's stock.

Intel Trading Down 1.4 %

INTC stock traded down $0.28 during midday trading on Thursday, hitting $19.48. The company had a trading volume of 22,253,170 shares, compared to its average volume of 66,674,023. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The stock's 50 day moving average price is $20.97 and its 200 day moving average price is $22.63. The stock has a market cap of $84.00 billion, a price-to-earnings ratio of -5.23, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

About Intel

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.