Charles Schwab Investment Management Inc. Purchases 2,248,342 Shares of Intel Co. (NASDAQ:INTC)

Charles Schwab Investment Management Inc. boosted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,938,760 shares of the chip maker's stock after purchasing an additional 2,248,342 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of Intel worth $680,472,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Finley Financial LLC bought a new stake in shares of Intel in the fourth quarter worth approximately $25,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth approximately $29,000. Quest Partners LLC grew its stake 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 acquiring an additional 1,253 shares during the period. Finally, West Financial Advisors LLC bought a new stake in shares of Intel in the fourth quarter worth approximately $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on INTC shares. Citigroup cut their target price 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. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Finally, Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.88.

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Intel Price Performance

INTC traded down $0.11 during trading hours on Friday, hitting $20.64. The company's stock had a trading volume of 80,961,008 shares, compared to its average volume of 99,575,508. The business's 50-day moving average price is $21.30 and its 200-day moving average price is $21.80. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a market cap of $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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 for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.