Great Lakes Advisors LLC Sells 49,015 Shares of Intel Co. (NASDAQ:INTC)

Great Lakes Advisors LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 400,622 shares of the chip maker's stock after selling 49,015 shares during the quarter. Great Lakes Advisors LLC's holdings in Intel were worth $8,032,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter worth $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter worth $29,000. Finally, Quest Partners LLC increased its stake in shares of Intel by 7,370.6% during 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 period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $27.04.

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Intel Stock Up 14.6 %

NASDAQ:INTC opened at $23.70 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company's fifty day moving average price is $21.38 and its 200-day moving average price is $21.81. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a market capitalization of $102.62 billion, a P/E ratio of -5.41 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS 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.

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