Quantinno Capital Management LP Sells 1,239 Shares of Intel Co. (NASDAQ:INTC)

Quantinno Capital Management LP reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 277,006 shares of the chip maker’s stock after selling 1,239 shares during the period. Quantinno Capital Management LP’s holdings in Intel were worth $5,554,000 as of its most recent SEC filing.

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

Intel Trading Up 0.5%

Shares of Intel stock opened at $21.66 on Friday. 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 business has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $21.68. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market capitalization of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. 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 company posted $0.18 EPS. Intel’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of several research reports. Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Wedbush decreased their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company 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 given a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $21.67.

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.