Intel Co. (NASDAQ:INTC) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 42.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,355 shares of the chip maker's stock after selling 152,419 shares during the period. Banco Santander S.A.'s holdings in Intel were worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Intel in the 2nd quarter worth $2,178,000. Swiss National Bank lifted its position in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Fortis Group Advisors LLC lifted its position in Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker's stock valued at $4,058,000 after purchasing an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its position in Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker's stock valued at $678,000 after purchasing an additional 27,940 shares in the last quarter. Finally, Private Advisory Group LLC purchased a new position in Intel during the third quarter valued at $8,045,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Argus downgraded Intel from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Bank of America cut Intel from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Barclays decreased their price target on Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. Finally, Truist Financial raised their price target on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.12.

Intel Trading Up 0.2 %

Shares of NASDAQ INTC traded up $0.06 during trading hours on Friday, reaching $24.50. The stock had a trading volume of 36,638,235 shares, compared to its average volume of 59,914,227. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market cap of $105.67 billion, a price-to-earnings ratio of -6.59 and a beta of 1.03. The business's fifty day moving average price is $23.19 and its two-hundred day moving average price is $26.14. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

About Intel

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.