KLCM Advisors Inc. Sells 9,126 Shares of Intel Co. (NASDAQ:INTC)

KLCM Advisors Inc. decreased its position in Intel Co. (NASDAQ:INTC) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,359 shares of the chip maker’s stock after selling 9,126 shares during the quarter. KLCM Advisors Inc.’s holdings in Intel were worth $348,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Intel in the fourth quarter worth $276,000. Finally, Swiss National Bank grew its stake in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after acquiring an additional 31,800 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $23.60 on Monday. 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 stock has a 50 day moving average price of $20.33 and a 200-day moving average price of $21.62. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Five equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

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.