Commonwealth Equity Services LLC trimmed its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,382,713 shares of the chip maker's stock after selling 205,462 shares during the quarter. Commonwealth Equity Services LLC's holdings in Intel were worth $27,723,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after buying an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Intel by 28.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after buying an additional 12,865,308 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after buying an additional 7,207,785 shares during the period. State Street Corp increased its stake in Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the period. Finally, Geode Capital Management LLC increased its stake in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Trading Down 6.9 %
INTC traded down $1.80 on Wednesday, reaching $24.12. 134,889,699 shares of the company's stock were exchanged, compared to its average volume of 71,657,078. The company's 50 day moving average is $21.68 and its 200-day moving average is $21.93. The company has a market cap of $104.44 billion, a price-to-earnings ratio of -5.51 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last posted 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 return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Four investment 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's stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $27.04.
Read Our Latest Report on Intel
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.
Further Reading
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
