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

Achmea Investment Management B.V. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other large investors have also made changes to their positions in the company. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at about $29,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTC. UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $27.04.

Intel Stock Performance

NASDAQ INTC opened at $24.05 on Friday. The company has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. 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 business’s 50 day moving average price is $21.45 and its 200-day moving average price is $21.84. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.