Intel Co. (NASDAQ:INTC) Stock Position Lessened by abrdn plc

abrdn plc decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,113,439 shares of the chip maker's stock after selling 841,998 shares during the quarter. abrdn plc owned 0.14% of Intel worth $122,605,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at $25,000. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new position in Intel during the 4th quarter valued at $31,000. Groupama Asset Managment increased its stake in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after buying an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in shares of Intel during the fourth quarter valued at approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on INTC shares. Benchmark restated a "hold" rating on shares of Intel in a report on Friday. Cantor Fitzgerald restated a "neutral" rating and issued a $22.00 price objective on shares of Intel in a report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.60.

Intel Trading Down 0.5 %

Shares of NASDAQ:INTC traded down $0.09 during trading on Tuesday, reaching $19.29. The stock had a trading volume of 53,716,660 shares, compared to its average volume of 72,534,953. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The business has a fifty day moving average price of $20.67 and a 200-day moving average price of $22.23. 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 market cap of $83.20 billion, a P/E ratio of -4.40, a PEG ratio of 9.49 and a beta of 1.08.

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 (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts anticipate that Intel Co. will post 0.19 earnings per share for the current fiscal year.

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.