Mn Services Vermogensbeheer B.V. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Mn Services Vermogensbeheer B.V. reduced its position in Intel Co. (NASDAQ:INTC) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 1,620,600 shares of the chip maker’s stock after selling 45,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Intel were worth $38,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Capital International Investors grew its stake in Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after acquiring an additional 15,475,631 shares during the period. Van ECK Associates Corp grew its stake in Intel by 60.5% in the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after acquiring an additional 13,035,566 shares during the period. Davis Selected Advisers grew its stake in Intel by 86.2% in the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock worth $391,533,000 after acquiring an additional 5,851,098 shares during the period. Caxton Associates LP acquired a new position in shares of Intel in the 2nd quarter valued at $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Intel by 2,681.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker’s stock valued at $137,251,000 after purchasing an additional 4,272,395 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ INTC traded down $0.53 on Monday, hitting $22.67. The stock had a trading volume of 29,635,396 shares, compared to its average volume of 59,248,055. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The stock has a market cap of $96.94 billion, a price-to-earnings ratio of -6.09 and a beta of 1.03. The company’s 50-day moving average is $21.79 and its two-hundred day moving average is $26.90.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on INTC shares. Daiwa America upgraded shares of Intel to a “hold” rating in a report on Monday, August 26th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Wedbush cut their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.12.

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.