QRG Capital Management Inc. Sells 28,140 Shares of Intel Co. (NASDAQ:INTC)

QRG Capital Management Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 360,981 shares of the chip maker’s stock after selling 28,140 shares during the period. QRG Capital Management Inc.’s holdings in Intel were worth $7,238,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter worth about $25,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter worth about $29,000. Quest Partners LLC raised its stake in shares of 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 acquiring an additional 1,253 shares during the last quarter. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $31,000. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Stock Performance

Shares of Intel stock opened at $23.74 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. The business has a fifty day simple moving average of $21.21 and a two-hundred day simple moving average of $21.78. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

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