Beddow Capital Management Inc. cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 49.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,410 shares of the chip maker's stock after selling 52,515 shares during the quarter. Beddow Capital Management Inc.'s holdings in Intel were worth $1,071,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Prospera Financial Services Inc raised its stake in Intel by 1.7% in the 3rd quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker's stock worth $1,579,000 after acquiring an additional 1,135 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in Intel during the 3rd quarter worth about $64,000. Intech Investment Management LLC grew its stake in Intel by 26.6% during the 3rd quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker's stock valued at $4,341,000 after purchasing an additional 38,916 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Intel by 95.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker's stock valued at $612,000 after purchasing an additional 12,711 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel currently has an average rating of "Hold" and an average target price of $27.04.
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Intel Stock Performance
Shares of Intel stock traded down $0.04 on Monday, reaching $24.22. 68,936,310 shares of the company were exchanged, compared to its average volume of 72,076,659. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company's 50-day moving average is $22.05 and its two-hundred day moving average is $22.04.
Intel (NASDAQ:INTC - Get Free Report) last announced its 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Intel Company 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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