Russell Investments Group Ltd. Sells 20,326 Shares of Intel Co. (NASDAQ:INTC)

Russell Investments Group Ltd. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,698,931 shares of the chip maker's stock after selling 20,326 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Intel worth $54,017,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rahlfs Capital LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $575,000. Katamaran Capital LLP bought a new stake in shares of Intel in the fourth quarter valued at $732,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Intel during the 4th quarter valued at $28,837,000. Pamalican Asset Management Ltd purchased a new stake in Intel in the 4th quarter worth about $4,409,000. Finally, Conquis Financial LLC bought a new stake in Intel in the 4th quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 9.6 %

Shares of Intel stock traded down $2.06 during midday trading on Thursday, reaching $19.47. 74,557,362 shares of the company's stock traded hands, compared to its average volume of 77,257,913. The company has a market cap of $84.88 billion, a PE ratio of -4.44 and a beta of 1.13. The stock has a 50 day moving average of $22.35 and a 200-day moving average of $22.14. Intel Co. has a 12 month low of $17.67 and a 12 month high of $38.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on INTC. Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald upped their price target on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $25.58.

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.