SevenBridge Financial Group LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 59.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,241 shares of the chip maker's stock after selling 26,559 shares during the quarter. SevenBridge Financial Group LLC's holdings in Intel were worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Headlands Technologies LLC boosted its stake in shares of Intel by 664.1% during the 4th quarter. Headlands Technologies LLC now owns 143,043 shares of the chip maker's stock worth $2,868,000 after purchasing an additional 124,323 shares during the period. Geode Capital Management LLC boosted its position in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after buying an additional 2,978,346 shares during the period. StoneX Group Inc. grew its stake in shares of Intel by 53.2% during the fourth quarter. StoneX Group Inc. now owns 17,209 shares of the chip maker's stock valued at $345,000 after buying an additional 5,977 shares during the last quarter. Summit Financial LLC raised its holdings in shares of Intel by 8.3% in the fourth quarter. Summit Financial LLC now owns 52,902 shares of the chip maker's stock worth $1,061,000 after buying an additional 4,055 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Intel by 30.3% during the 4th quarter. Alliancebernstein L.P. now owns 8,804,632 shares of the chip maker's stock worth $176,533,000 after acquiring an additional 2,047,384 shares during the last quarter. Institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on INTC. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $27.04.
View Our Latest Analysis on INTC
Intel Stock Performance
Shares of INTC traded up $0.45 during trading hours on Thursday, reaching $22.43. 242,113,573 shares of the company traded hands, compared to its average volume of 75,484,449. 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 business has a fifty day moving average price of $22.38 and a 200-day moving average price of $22.20. Intel Co. has a 12-month low of $18.51 and a 12-month high of $40.78. The stock has a market capitalization of $97.81 billion, a P/E ratio of -5.12 and a beta of 1.13.
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 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%. Equities analysts anticipate 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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