Intel Co. (NASDAQ:INTC) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp cut its position in Intel Co. (NASDAQ:INTC) by 66.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 241,680 shares of the chip maker’s stock after selling 481,574 shares during the period. Alberta Investment Management Corp’s holdings in Intel were worth $4,846,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTC. Finley Financial LLC acquired a new position in shares of Intel in the fourth quarter valued at about $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the fourth quarter worth about $29,000. Quest Partners LLC boosted 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 buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth about $31,000. Finally, Groupama Asset Managment boosted its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ:INTC opened at $25.72 on Thursday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08. The stock has a 50 day moving average price of $20.53 and a 200 day moving average price of $21.56.

Intel (NASDAQ:INTC) last posted its 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%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTC. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Citigroup lowered their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five 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.com, the company has an average rating of “Hold” and a consensus target price of $26.88.

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.