Lee Danner & Bass Inc. Sells 25,708 Shares of Intel Co. (NASDAQ:INTC)

Lee Danner & Bass Inc. trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266,415 shares of the chip maker's stock after selling 25,708 shares during the period. Lee Danner & Bass Inc.'s holdings in Intel were worth $5,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC grew its position in Intel by 4.6% in the third 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 valued at $1,371,692,000 after buying an additional 12,865,308 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Intel by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock valued at $680,472,000 after acquiring an additional 2,248,342 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Intel by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker's stock worth $613,855,000 after acquiring an additional 86,483 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on INTC shares. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their price objective on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" 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 raised their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.04.

Intel Stock Down 0.2 %

Shares of INTC stock traded down $0.04 on Monday, hitting $24.22. The company's stock had a trading volume of 68,936,310 shares, compared to its average volume of 72,090,492. The stock has a market capitalization of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The firm's fifty day moving average price is $22.05 and its 200-day moving average price is $22.04. 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) 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%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current 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.