2,666,574 Shares in Intel Co. (NASDAQ:INTC) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,666,574 shares of the chip maker's stock, valued at approximately $53,465,000. Raymond James Financial Inc. owned about 0.06% of Intel at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in Intel in the 4th quarter worth about $1,246,569,000. Assenagon Asset Management S.A. grew its stake in shares of Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Vanguard Group Inc. raised its holdings in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Intel in the fourth quarter worth approximately $93,393,000. Finally, Invesco Ltd. grew its position in Intel by 9.4% in the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after purchasing an additional 3,696,377 shares during the period. Institutional investors own 64.53% of the company's stock.

Intel Trading Down 1.6 %

NASDAQ:INTC traded down $0.30 during mid-day trading on Friday, hitting $18.93. 85,400,923 shares of the stock traded hands, compared to its average volume of 78,465,072. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The firm's 50 day moving average is $22.38 and its two-hundred day moving average is $21.99.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INTC shares. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $25.38.

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.