QRG Capital Management Inc. Lowers Stock Position in Intel Co. (NASDAQ:INTC)

QRG Capital Management Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,981 shares of the chip maker’s stock after selling 28,140 shares during the period. QRG Capital Management Inc.’s holdings in Intel were worth $7,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INTC. Valmark Advisers Inc. raised its holdings in shares of Intel by 10.2% during the 3rd quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock worth $242,000 after acquiring an additional 957 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Intel by 152.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock worth $1,555,000 after acquiring an additional 39,978 shares in the last quarter. Silver Coast Investments LLC purchased a new stake in shares of Intel during the 3rd quarter worth approximately $212,000. Gladstone Institutional Advisory LLC raised its holdings in shares of Intel by 29.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock worth $1,365,000 after acquiring an additional 13,270 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its holdings in shares of Intel by 13.2% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker’s stock worth $4,422,000 after acquiring an additional 22,049 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Stock Performance

INTC stock opened at $23.74 on Friday. 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 stock has a market capitalization of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock’s fifty day moving average is $21.21 and its two-hundred day moving average is $21.78.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. On average, research analysts predict that Intel Co. will post -0.11 EPS 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.