Fisher Asset Management LLC Sells 13,914 Shares of Intel Co. (NASDAQ:INTC)

Fisher Asset Management LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 166,408 shares of the chip maker’s stock after selling 13,914 shares during the period. Fisher Asset Management LLC’s holdings in Intel were worth $3,336,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC boosted its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $25,000. BankPlus Trust Department purchased a new position in shares of Intel in the fourth quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter valued at $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intel in the third quarter worth $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INTC. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Cantor Fitzgerald boosted their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Shares of INTC opened at $20.81 on Thursday. The stock has a market capitalization of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02. The company has a 50 day moving average price of $21.28 and a 200-day moving average price of $21.82. 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 $46.63.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities analysts predict that Intel Co. will post -0.11 earnings per share 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.