Intel Co. (NASDAQ:INTC) Holdings Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its stake in shares of Intel Co. (NASDAQ:INTC) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 390,219 shares of the chip maker’s stock after selling 14,361 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Intel were worth $7,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of INTC. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter worth about $29,000. Finally, Quest Partners LLC boosted its holdings in 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 in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, 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. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Price Performance

Shares of NASDAQ INTC opened at $23.42 on Thursday. The stock has a market capitalization of $101.41 billion, a P/E ratio of -5.35 and a beta of 1.02. 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 company’s 50-day moving average is $22.22 and its 200 day moving average is $22.09. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

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 analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current 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.