Intel Co. (NASDAQ:INTC) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,339,056 shares of the chip maker's stock after selling 530,189 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Intel worth $46,898,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its position in shares of Intel by 264.0% during 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 acquiring an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 purchasing an additional 12,865,308 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of 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. Vanguard Group Inc. increased its stake in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

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Intel Stock Performance

NASDAQ:INTC traded down $0.91 during mid-day trading on Friday, reaching $22.71. The stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The business has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $22.15. The firm has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. 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 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 expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.04.

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.