Intel Co. (NASDAQ:INTC) Shares Sold by Groupama Asset Managment

Groupama Asset Managment trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 51.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,007 shares of the chip maker’s stock after selling 70,174 shares during the quarter. Groupama Asset Managment’s holdings in Intel were worth $1,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% in the 4th 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. boosted its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in Intel during the 4th quarter worth approximately $276,000. Finally, InvesTrust acquired a new position in shares of Intel during the fourth quarter valued at approximately $3,696,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Intel stock opened at $21.98 on Thursday. The company’s 50 day moving average is $22.36 and its two-hundred day moving average is $22.20. The firm has a market cap of $95.85 billion, a PE ratio of -5.02 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 52-week low of $18.51 and a 52-week high of $41.65.

Intel (NASDAQ:INTC) last released its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on INTC shares. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $27.04.

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.