Victory Capital Management Inc. Decreases Holdings in Intel Co. (NASDAQ:INTC)

Victory Capital Management Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,258,205 shares of the chip maker’s stock after selling 6,325 shares during the quarter. Victory Capital Management Inc.’s holdings in Intel were worth $65,327,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

INTC opened at $20.64 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock has a 50-day moving average price of $21.30 and a 200-day moving average price of $21.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued 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%. Sell-side 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.