Intel Co. (NASDAQ:INTC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in Intel Co. (NASDAQ:INTC - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,487 shares of the chip maker's stock after selling 42,331 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Intel were worth $3,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after buying an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp lifted its position in Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after purchasing an additional 9,422,136 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Intel by 224.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Finally, State Street Corp lifted its position in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Bank of America reaffirmed an "underperform" rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.88.

Intel Stock Down 4.7 %

Shares of NASDAQ INTC traded down $1.23 during mid-day trading on Friday, hitting $24.87. The company had a trading volume of 111,281,705 shares, compared to its average volume of 98,030,531. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. The business's 50-day simple moving average is $20.75 and its 200 day simple moving average is $21.62.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.