Nisa Investment Advisors LLC Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Nisa Investment Advisors LLC reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,669,468 shares of the chip maker's stock after selling 22,101 shares during the period. Nisa Investment Advisors LLC's holdings in Intel were worth $33,473,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter worth $31,000. Groupama Asset Managment boosted its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Sawyer & Company Inc purchased a new position in Intel during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC purchased a new position in Intel during the 3rd quarter valued at $34,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Rosenblatt Securities restated a "sell" rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday. Finally, Truist Financial raised their price objective on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.81.

Intel Trading Up 1.3 %

Shares of Intel stock opened at $21.77 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company's 50 day moving average is $21.48 and its 200 day moving average is $23.20.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company earned $0.28 earnings per share. Intel's quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.04% of the company's stock.

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.

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