MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 74.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,123 shares of the chip maker’s stock after selling 71,189 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Intel were worth $478,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $25,000. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in Intel in the 4th quarter worth approximately $31,000. Groupama Asset Managment raised its stake in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Intel during the 4th quarter valued at $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Down 3.4 %
Shares of INTC stock opened at $20.83 on Friday. The stock has a market cap of $89.84 billion, a P/E ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $21.30 and its two-hundred day simple moving average is $23.11.
Analyst Ratings Changes
A number of brokerages have weighed in on INTC. Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.81.
Read Our Latest Stock Analysis on Intel
Insiders Place Their Bets
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.
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.
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