Choreo LLC Has $2.63 Million Holdings in Intel Co. (NASDAQ:INTC)

Choreo LLC decreased its position in Intel Co. (NASDAQ:INTC) by 43.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,249 shares of the chip maker’s stock after selling 100,709 shares during the quarter. Choreo LLC’s holdings in Intel were worth $2,625,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. State Street Corp lifted its holdings in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC increased its position in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Van ECK Associates Corp increased its position in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Intel by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after acquiring an additional 2,248,332 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 1.4 %

NASDAQ:INTC opened at $19.38 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. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The firm’s 50 day simple moving average is $20.50 and its 200 day simple moving average is $22.12. The company has a market cap of $83.92 billion, a PE ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its quarterly 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 target price on shares of Intel in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.60.

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.