Knights of Columbus Asset Advisors LLC Sells 20,979 Shares of Intel Co. (NASDAQ:INTC)

Knights of Columbus Asset Advisors LLC cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 50.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,273 shares of the chip maker's stock after selling 20,979 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Intel were worth $406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC increased its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Intel by 26.6% in the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker's stock worth $4,341,000 after buying an additional 38,916 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Intel by 95.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker's stock worth $612,000 after buying an additional 12,711 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Intel by 12.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,095,962 shares of the chip maker's stock valued at $189,931,000 after acquiring an additional 910,345 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Intel by 5.2% during the 3rd quarter. Pacer Advisors Inc. now owns 603,456 shares of the chip maker's stock valued at $14,157,000 after acquiring an additional 29,652 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

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Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Finally, Rosenblatt Securities restated a "sell" rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Four 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 stock. Based on data from MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $27.04.

Intel Stock Performance

NASDAQ:INTC traded down $0.05 during midday trading on Monday, reaching $24.21. The stock had a trading volume of 53,028,613 shares, compared to its average volume of 72,087,775. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm's fifty day simple moving average is $21.95 and its 200-day simple moving average is $22.01. The stock has a market capitalization of $104.84 billion, a P/E ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

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.