Murphy Pohlad Asset Management LLC reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,474 shares of the chip maker's stock after selling 31,020 shares during the period. Murphy Pohlad Asset Management LLC's holdings in Intel were worth $3,157,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $92,000. Gries Financial LLC raised its position in Intel by 43.5% during the 4th quarter. Gries Financial LLC now owns 18,648 shares of the chip maker's stock valued at $374,000 after purchasing an additional 5,652 shares during the last quarter. Swedbank AB lifted its holdings in Intel by 8.9% in the 4th quarter. Swedbank AB now owns 1,814,865 shares of the chip maker's stock worth $36,388,000 after buying an additional 147,976 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Intel by 7.3% during the fourth quarter. Hantz Financial Services Inc. now owns 18,455 shares of the chip maker's stock valued at $370,000 after buying an additional 1,253 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Intel by 169.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker's stock valued at $30,618,000 after acquiring an additional 960,585 shares in the last quarter. Institutional investors own 64.53% of the company's stock.
Intel Stock Performance
NASDAQ:INTC traded up $0.26 during mid-day trading on Thursday, hitting $20.01. 102,071,077 shares of the company traded hands, compared to its average volume of 70,822,969. The stock's fifty day moving average price is $20.97 and its 200-day moving average price is $22.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The firm has a market cap of $86.30 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07.
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 29.42% and a negative return on equity of 1.71%. Research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on INTC shares. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a report on Thursday. Finally, Truist Financial increased their price target on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.00.
Read Our Latest Stock Analysis on Intel
Insider Transactions at Intel
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company's stock.
Intel 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.
Featured Articles
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
