Securian Asset Management Inc. Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Securian Asset Management Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,805 shares of the chip maker’s stock after selling 4,195 shares during the period. Securian Asset Management Inc.’s holdings in Intel were worth $4,648,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Intel in the 3rd quarter worth about $49,000. Nations Financial Group Inc. IA ADV lifted its position in shares of Intel by 3.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after purchasing an additional 952 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Intel by 10.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 214,968 shares of the chip maker’s stock worth $5,043,000 after purchasing an additional 20,047 shares during the period. Harbour Investments Inc. lifted its position in shares of Intel by 13.1% in the 3rd quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after purchasing an additional 4,793 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Intel by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,380,522 shares of the chip maker’s stock worth $243,527,000 after purchasing an additional 163,478 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $20.68 on Thursday. 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 company has a market cap of $89.54 billion, a price-to-earnings ratio of -4.72 and a beta of 1.02. The company’s 50 day moving average is $21.31 and its 200 day moving average is $21.80. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41.

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 analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of several research analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Mizuho decreased their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five research 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 stock. According to MarketBeat.com, the stock currently has a consensus 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.