Buckley Wealth Management LLC lowered its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,949 shares of the chip maker's stock after selling 39,494 shares during the period. Buckley Wealth Management LLC's holdings in Intel were worth $1,783,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Northwest Wealth Management LLC acquired a new stake in shares of Intel during the fourth quarter worth approximately $308,000. LBP AM SA lifted its position in Intel by 2,314.1% in the 4th quarter. LBP AM SA now owns 627,673 shares of the chip maker's stock worth $12,585,000 after buying an additional 601,673 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Intel by 84.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,601,486 shares of the chip maker's stock valued at $31,717,000 after buying an additional 735,256 shares during the period. Erste Asset Management GmbH grew its holdings in shares of Intel by 83.0% during the 4th quarter. Erste Asset Management GmbH now owns 680,145 shares of the chip maker's stock valued at $13,637,000 after acquiring an additional 308,416 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Intel by 67.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,570,068 shares of the chip maker's stock worth $71,580,000 after acquiring an additional 1,431,693 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on INTC shares. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.04.
View Our Latest Stock Report on INTC
Intel Trading Up 0.9 %
Shares of NASDAQ:INTC traded up $0.23 during trading on Tuesday, reaching $25.92. The stock had a trading volume of 132,253,605 shares, compared to its average volume of 71,244,948. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02. The firm's fifty day moving average is $21.56 and its 200 day moving average is $21.90. Intel Co. has a 52 week low of $18.51 and a 52 week 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) earnings per share 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%. As a group, equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.
About Intel
(
Free Report)
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.
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