Intel Co. (NASDAQ:INTC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,815,822 shares of the chip maker's stock after selling 12,130,378 shares during the quarter. Legal & General Group Plc owned approximately 0.76% of Intel worth $657,957,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at $28,000. Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter worth about $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel during the 4th quarter worth about $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Intel stock traded down $1.67 during midday trading on Thursday, reaching $19.86. The company's stock had a trading volume of 87,311,041 shares, compared to its average volume of 77,311,391. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $38.22. The firm has a market capitalization of $86.59 billion, a PE ratio of -4.54 and a beta of 1.13. The stock's 50 day simple moving average is $22.35 and its 200 day simple moving average is $22.14.

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Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $25.58.

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.