Mutual of America Capital Management LLC Sells 8,749 Shares of Intel Co. (NASDAQ:INTC)

Mutual of America Capital Management LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 516,614 shares of the chip maker’s stock after selling 8,749 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Intel were worth $10,358,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter worth approximately $25,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth $29,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Finally, West Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $23.74 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company’s 50-day moving average is $21.21 and its 200 day moving average is $21.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $102.80 billion, a P/E ratio of -5.42 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price objective 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. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Cantor Fitzgerald upped their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $26.88.

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.