Buckley Wealth Management LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Buckley Wealth Management LLC reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,949 shares of the chip maker's stock after selling 39,494 shares during the quarter. Buckley Wealth Management LLC's holdings in Intel were worth $1,783,000 at the end of the most recent reporting period.

Several other institutional investors have also 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 purchasing an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 12,865,308 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Intel by 224.8% in the third 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. State Street Corp boosted 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 buying an additional 5,417,753 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 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 buying an additional 4,103,553 shares during the period. 64.53% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts recently issued reports on the stock. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $19.00 to $25.00 in a report on Thursday. Four 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 company's stock. According to MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $27.04.

Intel Stock Performance

Intel stock traded up $1.64 during midday trading on Monday, reaching $25.69. The stock had a trading volume of 160,271,611 shares, compared to its average volume of 70,371,513. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The firm's 50-day moving average price is $21.56 and its 200 day moving average price is $21.90. The firm has a market capitalization of $111.24 billion, a PE ratio of -5.87 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.

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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, research analysts predict 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.