Zions Bancorporation N.A. Lowers Position in Intel Co. (NASDAQ:INTC)

Zions Bancorporation N.A. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,816 shares of the chip maker’s stock after selling 731 shares during the quarter. Zions Bancorporation N.A.’s holdings in Intel were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. Quest Partners LLC increased 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 buying an additional 1,253 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Intel in the third quarter valued at approximately $3,682,000. Townsquare Capital LLC increased its position in shares of Intel by 2.7% during the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock valued at $1,434,000 after acquiring an additional 1,633 shares during the last quarter. Blueshift Asset Management LLC lifted its holdings in Intel by 118.2% during the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock worth $1,594,000 after acquiring an additional 36,798 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Intel by 4.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker’s stock worth $108,499,000 after purchasing an additional 193,110 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Intel stock opened at $23.42 on Thursday. The stock has a market cap of $101.41 billion, a price-to-earnings ratio of -5.35 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $22.22 and a 200 day simple moving average of $22.09. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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 forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on INTC shares. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.04.

About Intel

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.