Securian Asset Management Inc. Sells 4,195 Shares of Intel Co. (NASDAQ:INTC)

Securian Asset Management Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,805 shares of the chip maker’s stock after selling 4,195 shares during the quarter. Securian Asset Management Inc.’s holdings in Intel were worth $4,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of INTC. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during 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. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter worth $29,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 4.6 %

Shares of Intel stock opened at $20.68 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The firm’s 50-day moving average is $21.31 and its two-hundred day moving average is $21.80. The stock has a market cap of $89.54 billion, a price-to-earnings ratio of -4.72 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued 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%. As a group, research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INTC shares. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group decreased their price target on shares of 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 reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Roth Mkm decreased their price target 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. Five investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.