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

Aviva PLC cut its holdings in Intel Co. (NASDAQ:INTC) by 36.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,575,345 shares of the chip maker’s stock after selling 1,486,080 shares during the period. Aviva PLC owned 0.06% of Intel worth $51,636,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter worth $29,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $19.85 on Friday. 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 business has a 50 day moving average of $22.36 and a two-hundred day moving average of $22.20. The company has a market cap of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13. Intel Co. has a 52 week low of $18.51 and a 52 week high of $38.86.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $25.58.

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.