Jacobs Levy Equity Management Inc. Trims Position in Intel Co. (NASDAQ:INTC)

Jacobs Levy Equity Management Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,409,427 shares of the chip maker’s stock after selling 1,004,117 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.22% of Intel worth $188,659,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $21.44 on Friday. The company’s 50-day moving average is $21.24 and its two-hundred day moving average is $21.70. The firm has a market capitalization of $93.52 billion, a price-to-earnings ratio of -4.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on INTC shares. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company cut their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Mizuho dropped their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Finally, StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.23.

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.