Chevy Chase Trust Holdings LLC Sells 29,741 Shares of Intel Co. (NASDAQ:INTC)

Chevy Chase Trust Holdings LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,295,127 shares of the chip maker’s stock after selling 29,741 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Intel were worth $46,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Finley Financial LLC acquired a new stake in Intel during the fourth quarter worth approximately $25,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter worth approximately $29,000. Quest Partners LLC grew its position in Intel by 7,370.6% during the third 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 in the last quarter. West Financial Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $31,000. Finally, Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

INTC stock opened at $23.60 on Friday. The stock has a 50-day moving average price of $20.28 and a 200-day moving average price of $21.73. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. 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 firm has a market cap of $102.19 billion, a PE ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.