Intel Co. (NASDAQ:INTC) Shares Sold by Aviva PLC

Aviva PLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 36.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,575,345 shares of the chip maker’s stock after selling 1,486,080 shares during the quarter. Aviva PLC’s holdings in Intel were worth $51,636,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Finley Financial LLC bought a new position in Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $25.58.

Intel Price Performance

INTC opened at $19.85 on Friday. The stock has a fifty day moving average price of $22.36 and a 200 day moving average price of $22.20. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $38.86. The stock has a market cap of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13.

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

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.