Fisher Asset Management LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Fisher Asset Management LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,408 shares of the chip maker’s stock after selling 13,914 shares during the quarter. Fisher Asset Management LLC’s holdings in Intel were worth $3,336,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INTC. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $25,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at $29,000. Quest Partners LLC grew 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 during the fourth quarter valued at $31,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

INTC opened at $20.81 on Thursday. The company has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $21.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $90.11 billion, a P/E ratio of -4.75 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63.

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

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Five equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.88.

Intel 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.