Invesco Ltd. grew its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,088,830 shares of the chip maker's stock after buying an additional 3,696,377 shares during the quarter. Invesco Ltd. owned 1.00% of Intel worth $863,931,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Polymer Capital Management US LLC bought a new position in Intel during the fourth quarter worth $221,000. Cerity Partners LLC lifted its position in shares of Intel by 4.0% in the 4th quarter. Cerity Partners LLC now owns 875,963 shares of the chip maker's stock worth $17,882,000 after buying an additional 33,390 shares during the last quarter. FMR LLC boosted its holdings in shares of Intel by 4.3% in the 4th quarter. FMR LLC now owns 5,878,501 shares of the chip maker's stock valued at $117,864,000 after buying an additional 242,544 shares during the period. Federated Hermes Inc. grew its position in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Intel during the fourth quarter worth about $75,000. Institutional investors own 64.53% of the company's stock.
Analyst Upgrades and Downgrades
INTC has been the subject of a number of research reports. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Rosenblatt Securities restated a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. 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 company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $25.58.
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Intel Stock Performance
Shares of NASDAQ INTC traded down $0.73 during trading hours on Friday, reaching $19.15. The stock had a trading volume of 85,065,093 shares, compared to its average volume of 77,609,614. The company has a market cap of $83.51 billion, a price-to-earnings ratio of -4.37 and a beta of 1.13. The business's fifty day moving average is $22.36 and its two-hundred day moving average is $22.12. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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, research analysts expect that Intel Co. will post -0.11 EPS for the current 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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