Vanguard Group Inc. Purchases 6,143,164 Shares of Intel Co. (NASDAQ:INTC)

Vanguard Group Inc. increased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,099,204 shares of the chip maker's stock after acquiring an additional 6,143,164 shares during the quarter. Vanguard Group Inc. owned about 8.52% of Intel worth $7,400,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of INTC. State Street Corp increased its holdings in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intel by 28.2% in the third 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 worth $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Intel by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock worth $680,472,000 after buying an additional 2,248,342 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Intel by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker's stock valued at $613,855,000 after buying an additional 86,483 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

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Intel Price Performance

NASDAQ:INTC traded up $0.20 on Thursday, reaching $23.62. 57,529,598 shares of the company's stock traded hands, compared to its average volume of 72,111,121. The firm has a market cap of $102.27 billion, a PE ratio of -5.39 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $22.22 and a 200-day simple moving average of $22.09. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTC shares. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.04.

Intel Company 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.