Intel Co. (NASDAQ:INTC) Shares Sold by Amundi

Amundi decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,048,407 shares of the chip maker’s stock after selling 5,008,406 shares during the quarter. Amundi’s holdings in Intel were worth $617,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $20.64 on Friday. The stock’s 50 day moving average price is $21.30 and its 200 day moving average price is $21.80. The firm has a market capitalization of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on INTC shares. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.88.

Intel 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.