Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Intel Co. (NASDAQ:INTC)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 702,011 shares of the chip maker’s stock after purchasing an additional 12,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Intel were worth $14,075,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Intel during the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $26.88.

Intel Trading Down 4.7 %

NASDAQ:INTC opened at $24.87 on Monday. The stock has a fifty day moving average price of $20.84 and a 200 day moving average price of $21.68. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The firm has a market cap of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08.

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 analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.