Intel Co. (NASDAQ:INTC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in Intel Co. (NASDAQ:INTC - Free Report) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,560,227 shares of the chip maker's stock after selling 1,150,955 shares during the period. Franklin Resources Inc.'s holdings in Intel were worth $31,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in 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 buying an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in shares of 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 acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new position in Intel in the 4th quarter valued at approximately $276,000. Finally, InvesTrust purchased a new position in Intel in the 4th quarter valued at approximately $3,696,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $25.58.

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Intel Trading Down 11.5 %

Shares of NASDAQ INTC traded down $2.58 during midday trading on Friday, hitting $19.85. The stock had a trading volume of 174,685,786 shares, compared to its average volume of 75,988,704. The company has a fifty day moving average price of $22.36 and a 200 day moving average price of $22.20. The company has a market capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. Intel Co. has a 1-year low of $18.51 and a 1-year high of $38.86. 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 announced 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, analysts predict that Intel Co. will post -0.11 earnings per share 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.