Commerzbank Aktiengesellschaft FI trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 48.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,115 shares of the chip maker's stock after selling 334,128 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Intel were worth $7,040,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Intel by 32.6% in the third quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker's stock valued at $1,287,000 after buying an additional 13,496 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Intel by 1.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker's stock valued at $1,081,000 after acquiring an additional 721 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Intel by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker's stock worth $1,297,000 after buying an additional 3,272 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Intel by 35.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 11,844 shares of the chip maker's stock worth $278,000 after buying an additional 3,111 shares during the last quarter. Finally, Forum Financial Management LP increased its position in Intel by 11.3% during the 3rd quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker's stock worth $1,727,000 after purchasing an additional 7,501 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on INTC. Bank of America reissued an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Rosenblatt Securities reissued a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.88.
Read Our Latest Analysis on Intel
Intel Price Performance
NASDAQ:INTC traded down $0.11 during trading hours on Friday, reaching $20.64. The company had a trading volume of 80,961,008 shares, compared to its average volume of 99,575,508. The firm has a market capitalization of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. The stock has a 50-day moving average of $21.29 and a two-hundred day moving average of $21.81. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Intel 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.
Further Reading
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