Intel Co. (NASDAQ:INTC) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,680 shares of the chip maker's stock after selling 481,574 shares during the period. Alberta Investment Management Corp's holdings in Intel were worth $4,846,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Werba Rubin Papier Wealth Management lifted its stake in shares of Intel by 3.5% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 17,579 shares of the chip maker's stock worth $352,000 after acquiring an additional 587 shares during the period. SilverOak Wealth Management LLC lifted its stake in shares of Intel by 19.1% in the 4th quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker's stock worth $448,000 after acquiring an additional 3,588 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Intel by 39.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker's stock valued at $3,530,000 after purchasing an additional 49,702 shares in the last quarter. Beaton Management Co. Inc. increased its holdings in shares of Intel by 8.9% in the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker's stock valued at $507,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Intel by 588.6% in the 4th quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker's stock valued at $177,000 after purchasing an additional 7,540 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Finally, Benchmark restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.88.

Intel Stock Down 4.1 %

Shares of NASDAQ INTC traded down $1.08 during trading on Friday, reaching $25.02. 75,037,992 shares of the stock were exchanged, compared to its average volume of 96,910,641. The business's 50-day moving average price is $20.75 and its 200 day moving average price is $21.62. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $108.31 billion, a price-to-earnings ratio of -5.71 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts forecast that Intel Co. will post -0.11 EPS 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.