Estabrook Capital Management trimmed its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,040 shares of the chip maker's stock after selling 27,077 shares during the quarter. Estabrook Capital Management's holdings in Intel were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. increased its stake in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new position in shares of Intel in the fourth quarter worth $276,000. Finally, InvesTrust acquired a new stake in shares of Intel during the fourth quarter worth $3,696,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Price Performance
INTC traded down $0.14 during midday trading on Friday, hitting $19.74. 128,212,455 shares of the company traded hands, compared to its average volume of 77,904,435. The company has a market capitalization of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. The business has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $22.08. 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 Co. has a 52-week low of $17.67 and a 52-week high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly 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%. On average, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on INTC shares. Barclays cut their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $25.58.
Check Out Our Latest Research Report on Intel
Intel Company 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.
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