Intel Co. (NASDAQ:INTC) Stock Position Reduced by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,624 shares of the chip maker’s stock after selling 2,869 shares during the quarter. Sentry Investment Management LLC’s holdings in Intel were worth $353,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in Intel in the 4th quarter worth about $25,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter worth about $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intel during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INTC shares. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.88.

Intel Trading Down 5.3 %

Shares of INTC opened at $22.99 on Wednesday. The stock’s 50-day moving average price is $20.96 and its 200 day moving average price is $21.73. 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 firm has a market capitalization of $99.55 billion, a price-to-earnings ratio of -5.25 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. As a group, research analysts predict that Intel Co. will post -0.11 earnings per share 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.