Annis Gardner Whiting Capital Advisors LLC Decreases Holdings in Intel Co. (NASDAQ:INTC)

Annis Gardner Whiting Capital Advisors LLC lowered its position in Intel Co. (NASDAQ:INTC) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,118 shares of the chip maker’s stock after selling 5,228 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Intel were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC boosted its position in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after buying an additional 2,978,346 shares during the period. Norges Bank bought a new position in shares of Intel during the fourth quarter valued at about $1,246,569,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Intel by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock worth $680,472,000 after buying an additional 2,248,342 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Intel by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock valued at $613,855,000 after acquiring an additional 86,483 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 11.5 %

Shares of Intel stock opened at $19.85 on Friday. The company has a 50-day simple moving average of $22.36 and a two-hundred day simple moving average of $22.20. The stock has a market capitalization of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. Intel Co. has a 52-week low of $18.51 and a 52-week high of $39.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on INTC shares. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $25.58.

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.