Baader Bank Aktiengesellschaft Sells 6,800 Shares of Intel Co. (NASDAQ:INTC)

Baader Bank Aktiengesellschaft cut its stake in Intel Co. (NASDAQ:INTC) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,500 shares of the chip maker’s stock after selling 6,800 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Intel were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in Intel by 180.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after purchasing an additional 2,174 shares in the last quarter. Quarry LP bought a new position in shares of Intel during the second quarter worth about $81,000. Strategic Investment Solutions Inc. IL acquired a new stake in Intel in the 2nd quarter valued at approximately $65,000. Sanctuary Advisors LLC bought a new stake in Intel in the 2nd quarter valued at approximately $9,265,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Intel by 71.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 4,642 shares of the chip maker’s stock worth $144,000 after acquiring an additional 1,928 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 1.3 %

Shares of INTC opened at $20.01 on Friday. The company has a market capitalization of $86.30 billion, a PE ratio of -5.38, a PEG ratio of 9.72 and a beta of 1.07. The stock’s 50-day moving average price is $20.97 and its two-hundred day moving average price is $22.63. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. 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 data 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 1.71% and a negative net margin of 29.42%. On average, analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday. Citigroup lowered their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $28.00.

About Intel

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.