Intel Co. (NASDAQ:INTC) Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 63.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,829 shares of the chip maker's stock after selling 37,285 shares during the period. Lafayette Investments Inc.'s holdings in Intel were worth $438,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board purchased a new stake in Intel in the fourth quarter worth $897,000. Canada Post Corp Registered Pension Plan purchased a new position in Intel in the 4th quarter worth about $1,268,000. XTX Topco Ltd purchased a new stake in Intel in the 4th quarter valued at about $490,000. SageView Advisory Group LLC increased its position in shares of Intel by 72.1% during the fourth quarter. SageView Advisory Group LLC now owns 16,086 shares of the chip maker's stock worth $323,000 after acquiring an additional 6,741 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Intel by 2.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 180,497 shares of the chip maker's stock valued at $3,619,000 after purchasing an additional 4,578 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INTC shares. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. 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, HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Intel presently has an average rating of "Hold" and an average price target of $25.38.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.30 during midday trading on Friday, reaching $18.93. 85,400,923 shares of the stock were exchanged, compared to its average volume of 78,609,595. The firm has a market cap of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. 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 firm has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $21.96. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16.

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 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 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.