Vaughan Nelson Investment Management L.P. Sells 3,375 Shares of Intel Co. (NASDAQ:INTC)

Vaughan Nelson Investment Management L.P. cut its stake in Intel Co. (NASDAQ:INTC) by 44.4% in the fourth quarter, HoldingsChannel reports. The fund owned 4,225 shares of the chip maker’s stock after selling 3,375 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Intel were worth $85,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Intel by 339.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,992 shares of the chip maker’s stock valued at $774,000 after acquiring an additional 25,481 shares during the period. Valeo Financial Advisors LLC raised its holdings in Intel by 2.0% during the 3rd quarter. Valeo Financial Advisors LLC now owns 120,846 shares of the chip maker’s stock worth $2,835,000 after purchasing an additional 2,398 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Intel by 28.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 273,415 shares of the chip maker’s stock valued at $6,414,000 after purchasing an additional 60,074 shares during the period. Ballew Advisors Inc bought a new position in shares of Intel in the 3rd quarter valued at about $293,000. Finally, Johnson Bixby & Associates LLC grew its position in shares of Intel by 1.5% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 50,042 shares of the chip maker’s stock worth $1,174,000 after buying an additional 730 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $19.10 on Monday. The company has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $21.93. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The stock has a market cap of $82.70 billion, a P/E ratio of -4.36 and a beta of 1.08. 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 (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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Intel in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.60.

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.