Congress Wealth Management LLC DE reduced its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 350,712 shares of the chip maker's stock after selling 121,125 shares during the quarter. Congress Wealth Management LLC DE's holdings in Intel were worth $7,032,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Intel by 16.5% during the third quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker's stock valued at $877,000 after purchasing an additional 5,295 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Intel by 2.5% in the third quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker's stock valued at $1,774,000 after buying an additional 1,858 shares during the period. Swedbank AB raised its holdings in Intel by 0.3% in the 3rd quarter. Swedbank AB now owns 1,666,889 shares of the chip maker's stock valued at $39,105,000 after buying an additional 4,300 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Intel by 12.2% during the 3rd quarter. Centaurus Financial Inc. now owns 39,822 shares of the chip maker's stock worth $934,000 after buying an additional 4,338 shares during the period. 64.53% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report 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 issued a buy rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus price target of $27.04.
Check Out Our Latest Stock Report on Intel
Intel Stock Performance
INTC traded down $0.91 during trading on Friday, hitting $22.71. 58,184,763 shares of the company traded hands, compared to its average volume of 74,652,140. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The stock's fifty day moving average is $22.33 and its 200 day moving average is $22.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last released its 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%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS 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.
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
