Baxter Bros Inc. trimmed its stake in Intel Co. (NASDAQ:INTC - Free Report) by 39.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,982 shares of the chip maker's stock after selling 48,908 shares during the period. Baxter Bros Inc.'s holdings in Intel were worth $1,503,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. PKS Advisory Services LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $218,000. Heritage Wealth Management Inc. CA increased its position in Intel by 11.2% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 17,044 shares of the chip maker's stock valued at $342,000 after acquiring an additional 1,718 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of Intel by 53.1% in the fourth quarter. Modern Wealth Management LLC now owns 18,707 shares of the chip maker's stock valued at $370,000 after purchasing an additional 6,487 shares in the last quarter. CoreFirst Bank & Trust bought a new position in Intel in the fourth quarter valued at about $34,000. Finally, Lynx Investment Advisory bought a new position in shares of Intel in the 4th quarter valued at about $1,450,000. Institutional investors own 64.53% of the company's stock.
Wall Street Analysts Forecast Growth
INTC has been the subject of a number of analyst reports. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company dropped 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.04.
Get Our Latest Stock Analysis on Intel
Intel Price Performance
INTC traded down $0.91 during trading on Friday, hitting $22.71. 58,184,763 shares of the stock traded hands, compared to its average volume of 74,652,140. The business has a 50 day moving average price of $22.33 and a 200 day moving average price of $22.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a market cap of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly 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%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Intel Profile
(
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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