Global Retirement Partners LLC Has $2.22 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Global Retirement Partners LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,709 shares of the chip maker's stock after selling 10,176 shares during the quarter. Global Retirement Partners LLC's holdings in Intel were worth $2,220,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of INTC. Geode Capital Management LLC increased its holdings in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 worth $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Intel in the fourth quarter worth $276,000. Finally, Swiss National Bank boosted its holdings in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock worth $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on INTC shares. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $26.88.

Intel Price Performance

Shares of INTC traded down $1.23 during trading hours on Friday, hitting $24.87. 111,281,705 shares of the company were exchanged, compared to its average volume of 98,030,531. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. The firm's fifty day moving average is $20.75 and its 200 day moving average is $21.62.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal 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.