Quantinno Capital Management LP Sells 1,239 Shares of Intel Co. (NASDAQ:INTC)

Quantinno Capital Management LP reduced its stake in Intel Co. (NASDAQ:INTC) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,006 shares of the chip maker’s stock after selling 1,239 shares during the period. Quantinno Capital Management LP’s holdings in Intel were worth $5,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INTC. Mufg Securities Americas Inc. bought a new stake in Intel in the fourth quarter valued at $1,277,000. Man Group plc boosted its stake in shares of Intel by 308.9% in the 4th quarter. Man Group plc now owns 1,339,615 shares of the chip maker’s stock valued at $26,859,000 after purchasing an additional 1,011,972 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of Intel by 96.8% in the 4th quarter. NorthRock Partners LLC now owns 40,900 shares of the chip maker’s stock worth $820,000 after purchasing an additional 20,117 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Intel by 2.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,197,729 shares of the chip maker’s stock worth $445,064,000 after purchasing an additional 576,788 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in Intel during the 4th quarter valued at about $2,183,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Mizuho decreased their price objective on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities reduced their price objective on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Finally, Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Intel Stock Performance

INTC stock opened at $21.66 on Friday. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. 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 company has a market cap of $94.48 billion, a P/E ratio of -4.95 and a beta of 1.15. The business’s fifty day moving average is $21.40 and its 200-day moving average is $21.68.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Intel Company 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.