Asset Dedication LLC decreased its stake in Intel Co. (NASDAQ:INTC - Free Report) by 41.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,365 shares of the chip maker's stock after selling 34,864 shares during the period. Asset Dedication LLC's holdings in Intel were worth $990,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Intel in the 4th quarter valued at $276,000. Finally, Swiss National Bank boosted its position in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after buying an additional 31,800 shares during the period. Institutional investors own 64.53% of the company's stock.
Intel Stock Up 1.3 %
NASDAQ:INTC traded up $0.26 on Thursday, reaching $20.01. 104,185,665 shares of the stock traded hands, compared to its average volume of 71,126,922. The company has a market capitalization of $86.30 billion, a price-to-earnings ratio of -5.38, a PEG ratio of 9.72 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 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 company's fifty day simple moving average is $20.97 and its 200 day simple moving average is $22.63.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 29.42% and a negative return on equity of 1.71%. Equities analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.
Wall Street Analyst Weigh In
INTC has been the subject of several analyst reports. Rosenblatt Securities reissued a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, November 1st. Northland Securities dropped their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.00.
Read Our Latest Report on Intel
Insider Activity
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.04% of the company's stock.
Intel Profile
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Free Report)
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.
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