Sei Investments Co. Has $17.46 Million Stake in Intel Co. (NASDAQ:INTC)

Sei Investments Co. reduced its holdings in Intel Co. (NASDAQ:INTC) by 29.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 870,813 shares of the chip maker’s stock after selling 366,924 shares during the quarter. Sei Investments Co.’s holdings in Intel were worth $17,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at $29,000. Finally, Quest Partners LLC increased its holdings 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 during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

INTC stock opened at $23.62 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market cap of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02. The company has a 50 day simple moving average of $22.30 and a 200 day simple moving average of $22.10.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.04.

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.