Fayez Sarofim & Co Lowers Position in Intel Co. (NASDAQ:INTC)

Fayez Sarofim & Co decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 492,461 shares of the chip maker's stock after selling 21,340 shares during the period. Fayez Sarofim & Co's holdings in Intel were worth $9,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Vanguard Group Inc. boosted its holdings in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC raised its position in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares during the period. Norges Bank purchased a new position in shares of Intel during the 4th quarter worth $1,246,569,000. Invesco Ltd. increased its stake in shares of Intel by 9.4% in the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after purchasing an additional 3,696,377 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock worth $680,472,000 after purchasing an additional 2,248,342 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Finally, Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $23.43.

Intel Trading Up 4.4 %

Shares of NASDAQ INTC traded up $0.90 during midday trading on Thursday, hitting $21.49. The company's stock had a trading volume of 114,934,410 shares, compared to its average volume of 79,187,935. The business's 50 day moving average is $22.11 and its two-hundred day moving average is $21.90. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $93.71 billion, a P/E ratio of -4.91 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts expect that Intel Co. will post -0.11 EPS for the current 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.