Philadelphia Trust Co. lowered its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,924 shares of the chip maker's stock after selling 73,285 shares during the period. Philadelphia Trust Co.'s holdings in Intel were worth $2,785,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. Norges Bank bought a new stake in Intel in the fourth quarter worth $1,246,569,000. Invesco Ltd. grew its stake in shares of Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock valued at $863,931,000 after buying an additional 3,696,377 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Intel by 7.1% in 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. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Price Performance
Shares of Intel stock traded up $0.57 during trading on Monday, reaching $20.31. 101,763,274 shares of the stock traded hands, compared to its average volume of 78,000,247. The company has a market capitalization of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The business has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $22.08. 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 issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on INTC shares. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $25.54.
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Intel Profile
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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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