Intel Co. (NASDAQ:INTC) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,874,900 shares of the chip maker's stock after selling 97,000 shares during the quarter. LSV Asset Management owned approximately 0.09% of Intel worth $77,692,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Finley Financial LLC acquired a new position in Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTC. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.58.

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Intel Stock Performance

NASDAQ INTC traded down $0.14 during trading hours on Friday, reaching $19.74. The company's stock had a trading volume of 128,212,455 shares, compared to its average volume of 77,913,799. 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 business has a 50-day simple moving average of $22.37 and a 200 day simple moving average of $22.09. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The stock has a market cap of $86.08 billion, a PE ratio of -4.51 and a beta of 1.13.

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 (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.