Schroder Investment Management Group Sells 485,271 Shares of Intel Co. (NASDAQ:INTC)

Schroder Investment Management Group lessened its holdings in Intel Co. (NASDAQ:INTC) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,976,961 shares of the chip maker’s stock after selling 485,271 shares during the quarter. Schroder Investment Management Group owned 0.09% of Intel worth $79,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Finley Financial LLC bought a new position in Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC opened at $22.71 on Monday. The firm has a market cap of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The firm has a 50-day moving average of $22.33 and a 200 day moving average of $22.16.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four 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 stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $27.04.

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.