Mariner LLC Sells 108,273 Shares of Intel Co. (NASDAQ:INTC)

Mariner LLC cut its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 889,930 shares of the chip maker's stock after selling 108,273 shares during the quarter. Mariner LLC's holdings in Intel were worth $17,842,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares during the period. Norges Bank purchased a new position in Intel during the 4th quarter valued at about $1,246,569,000. Invesco Ltd. increased its holdings in Intel by 9.4% during the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after acquiring an additional 3,696,377 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock worth $680,472,000 after purchasing an additional 2,248,342 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INTC. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Cantor Fitzgerald raised their price objective on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Four investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.38.

Intel Trading Down 1.6 %

NASDAQ INTC traded down $0.30 during trading on Friday, hitting $18.93. The company had a trading volume of 85,400,923 shares, compared to its average volume of 78,609,595. The company's fifty day moving average is $22.34 and its 200-day moving average is $21.96. Intel Co. has a one year low of $17.67 and a one year high of $37.16. 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 company has a market cap of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.