Achmea Investment Management B.V. Sells 23,907 Shares of Intel Co. (NASDAQ:INTC)

Achmea Investment Management B.V. lessened its holdings in Intel Co. (NASDAQ:INTC) by 16.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,422 shares of the chip maker’s stock after selling 23,907 shares during the quarter. Achmea Investment Management B.V.’s holdings in Intel were worth $2,454,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of INTC. Finley Financial LLC bought a new position in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter worth $29,000. Finally, Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% in the 3rd 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 period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.5 %

Shares of INTC stock opened at $24.05 on Friday. The stock’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $21.84. 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 firm has a market capitalization of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $25.00 in a report on Thursday. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $27.04.

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.