Voya Investment Management LLC Sells 66,359 Shares of Intel Co. (NASDAQ:INTC)

Voya Investment Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,658,378 shares of the chip maker's stock after selling 66,359 shares during the quarter. Voya Investment Management LLC's holdings in Intel were worth $33,250,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTC. Relyea Zuckerberg Hanson LLC grew its stake in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after buying an additional 19,625 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new position in Intel during the fourth quarter worth $276,000. InvesTrust acquired a new position in shares of Intel in the 4th quarter valued at about $3,696,000. Finally, Rheos Capital Works Inc. lifted its holdings in shares of Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 2.3 %

INTC stock traded up $0.46 during trading on Monday, hitting $20.51. The company had a trading volume of 96,442,716 shares, compared to its average volume of 79,525,625. The firm has a 50-day moving average price of $21.92 and a 200-day moving average price of $21.85. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $89.44 billion, a price-to-earnings ratio of -4.68 and a beta of 1.13. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on INTC. Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday. Finally, UBS Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $22.23.

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.