Financial Counselors Inc. Sells 34,846 Shares of Intel Co. (NASDAQ:INTC)

Financial Counselors Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,919 shares of the chip maker’s stock after selling 34,846 shares during the period. Financial Counselors Inc.’s holdings in Intel were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Intel during the third quarter valued at about $3,682,000. Townsquare Capital LLC lifted its holdings in shares of Intel by 2.7% in the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock worth $1,434,000 after buying an additional 1,633 shares in the last quarter. Blueshift Asset Management LLC boosted its position in shares of Intel by 118.2% in the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock valued at $1,594,000 after acquiring an additional 36,798 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Intel by 4.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker’s stock valued at $108,499,000 after acquiring an additional 193,110 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on INTC. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel 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 given a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $27.04.

Intel Trading Down 3.2 %

NASDAQ:INTC opened at $23.42 on Thursday. The firm has a market capitalization of $101.41 billion, a P/E ratio of -5.35 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $22.22 and a 200 day moving average of $22.09. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. On average, research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.