Catalyst Capital Advisors LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 93.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,322 shares of the chip maker's stock after selling 46,200 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Intel were worth $67,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of Intel by 0.4% in the 4th quarter. Principal Financial Group Inc. now owns 4,847,693 shares of the chip maker's stock valued at $97,196,000 after acquiring an additional 20,570 shares during the period. Capital Performance Advisors LLP grew its holdings in shares of Intel by 533.9% in the 4th quarter. Capital Performance Advisors LLP now owns 9,851 shares of the chip maker's stock valued at $198,000 after buying an additional 8,297 shares during the period. Sierra Ocean LLC bought a new stake in shares of Intel in the 4th quarter valued at $36,000. Csenge Advisory Group increased its position in shares of Intel by 10.0% in the 4th quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker's stock valued at $837,000 after buying an additional 3,780 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Intel during the 4th quarter worth $782,000. Institutional investors own 64.53% of the company's stock.
Intel Price Performance
NASDAQ INTC traded down $1.23 during midday trading on Friday, hitting $24.87. The company had a trading volume of 111,281,705 shares, compared to its average volume of 98,030,531. The company has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $20.75 and a 200-day moving average price of $21.62.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Citigroup cut their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.88.
Check Out Our Latest Research Report on Intel
About Intel
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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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