USS Investment Management Ltd Sells 24,536 Shares of Intel Co. (NASDAQ:INTC)

USS Investment Management Ltd trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 746,647 shares of the chip maker’s stock after selling 24,536 shares during the quarter. USS Investment Management Ltd’s holdings in Intel were worth $14,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter worth $29,000. Finally, Conquis Financial LLC purchased a new stake in Intel during the fourth quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $21.27 on Wednesday. The company has a 50-day simple moving average of $21.36 and a two-hundred day simple moving average of $21.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $92.78 billion, a PE ratio of -4.86 and a beta of 1.15. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on INTC shares. Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Seaport Res Ptn raised Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Cantor Fitzgerald dropped their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their target price on shares of Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, April 25th. Finally, Cfra Research upgraded shares of Intel to a “hold” rating in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.67.

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.