M&T Bank Corp reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,024,073 shares of the chip maker's stock after selling 199,052 shares during the quarter. M&T Bank Corp's holdings in Intel were worth $20,533,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in INTC. Harbor Capital Advisors Inc. grew its stake in shares of Intel by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker's stock valued at $1,297,000 after purchasing an additional 3,272 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Intel by 1,110.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker's stock valued at $1,162,000 after acquiring an additional 45,432 shares during the period. United Advisor Group LLC bought a new position in shares of Intel during the 3rd quarter valued at approximately $367,000. NorthRock Partners LLC grew its stake in shares of Intel by 30.0% during the 3rd quarter. NorthRock Partners LLC now owns 20,783 shares of the chip maker's stock valued at $488,000 after acquiring an additional 4,800 shares during the period. Finally, Focused Wealth Management Inc grew its stake in shares of Intel by 35.0% during the 3rd quarter. Focused Wealth Management Inc now owns 75,448 shares of the chip maker's stock valued at $1,770,000 after acquiring an additional 19,551 shares during the period. 64.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on INTC shares. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Cantor Fitzgerald boosted their price target on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.88.
Read Our Latest Research Report on Intel
Intel Trading Down 0.5 %
NASDAQ:INTC traded down $0.11 during midday trading on Friday, hitting $20.64. 80,961,008 shares of the company traded hands, compared to its average volume of 99,575,508. The firm's fifty day moving average is $21.30 and its 200-day moving average is $21.81. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The firm has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 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) 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%. On average, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current year.
Intel Company Profile
(
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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