Forsta AP Fonden Has $18.45 Million Stake in Intel Co. (NASDAQ:INTC)

Forsta AP Fonden reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 919,946 shares of the chip maker’s stock after selling 29,200 shares during the quarter. Forsta AP Fonden’s holdings in Intel were worth $18,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. boosted its stake in Intel by 169.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker’s stock worth $30,618,000 after acquiring an additional 960,585 shares during the last quarter. R Squared Ltd bought a new position in shares of Intel during the fourth quarter worth $123,000. Twelve Points Wealth Management LLC grew its holdings in shares of Intel by 52.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 38,499 shares of the chip maker’s stock valued at $772,000 after buying an additional 13,197 shares during the period. Orca Wealth Management LLC bought a new stake in shares of Intel in the 4th quarter valued at $1,329,000. Finally, BSW Wealth Partners raised its stake in Intel by 44.2% during the 4th quarter. BSW Wealth Partners now owns 60,909 shares of the chip maker’s stock worth $1,221,000 after buying an additional 18,668 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.2 %

Shares of Intel stock opened at $19.77 on Thursday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The stock has a market cap of $85.25 billion, a PE ratio of -5.31, a PEG ratio of 9.72 and a beta of 1.07. The firm has a 50-day moving average of $21.06 and a 200-day moving average of $22.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, sell-side analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.88.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

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.