Intel Co. (NASDAQ:INTC) Shares Sold by Amundi

Amundi decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,048,407 shares of the chip maker’s stock after selling 5,008,406 shares during the period. Amundi owned approximately 0.72% of Intel worth $617,242,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Intel by 2.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 107,926 shares of the chip maker’s stock worth $2,164,000 after acquiring an additional 2,737 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in Intel in the 4th quarter valued at $56,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Intel in the 4th quarter valued at $2,406,000. Banco Santander S.A. raised its holdings in Intel by 42.5% in the 4th quarter. Banco Santander S.A. now owns 292,611 shares of the chip maker’s stock valued at $5,867,000 after acquiring an additional 87,256 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Intel by 16.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 184,802 shares of the chip maker’s stock valued at $4,089,000 after acquiring an additional 25,838 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 0.5 %

Shares of NASDAQ:INTC opened at $20.64 on Friday. The stock has a 50 day moving average of $21.30 and a 200 day moving average of $21.80. The company has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. 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 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.88.

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.