E. Ohman J or Asset Management AB Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

E. Ohman J or Asset Management AB increased its position in Intel Co. (NASDAQ:INTC - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,220 shares of the chip maker's stock after acquiring an additional 22,320 shares during the period. E. Ohman J or Asset Management AB's holdings in Intel were worth $3,874,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of INTC. Optas LLC grew its holdings in Intel by 4.2% during the fourth quarter. Optas LLC now owns 24,852 shares of the chip maker's stock valued at $498,000 after purchasing an additional 993 shares during the period. Rheos Capital Works Inc. grew its holdings in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after purchasing an additional 30,000 shares during the period. Princeton Global Asset Management LLC grew its holdings in Intel by 86.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 3,416 shares of the chip maker's stock valued at $68,000 after purchasing an additional 1,585 shares during the period. HHM Wealth Advisors LLC grew its holdings in Intel by 18.2% during the fourth quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker's stock valued at $183,000 after purchasing an additional 1,406 shares during the period. Finally, Willis Investment Counsel grew its holdings in Intel by 0.8% during the fourth quarter. Willis Investment Counsel now owns 300,787 shares of the chip maker's stock valued at $6,031,000 after purchasing an additional 2,322 shares during the period. Institutional investors own 64.53% of the company's stock.

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 transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company's stock.

Intel Trading Down 0.5 %

NASDAQ:INTC traded down $0.09 during midday trading on Tuesday, hitting $19.29. The stock had a trading volume of 53,716,660 shares, compared to its average volume of 72,534,953. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a market capitalization of $83.20 billion, a price-to-earnings ratio of -4.40, a PEG ratio of 9.49 and a beta of 1.08. The stock has a 50-day moving average of $20.67 and a 200 day moving average of $22.23. 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 announced its earnings results 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%. As a group, sell-side analysts forecast that Intel Co. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on INTC shares. Rosenblatt Securities reissued a "sell" rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.60.

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.