PNC Financial Services Group Inc. lowered its stake in Intel Co. (NASDAQ:INTC - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,563,034 shares of the chip maker's stock after selling 711,000 shares during the period. PNC Financial Services Group Inc. owned 0.11% of Intel worth $91,489,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Intel in the 3rd quarter worth $36,000. CWA Asset Management Group LLC bought a new position in Intel in the 3rd quarter worth $410,000. Corrado Advisors LLC raised its holdings in Intel by 41.0% in the 3rd quarter. Corrado Advisors LLC now owns 66,426 shares of the chip maker's stock worth $1,558,000 after purchasing an additional 19,306 shares during the period. Finally, Wealth Quarterback LLC increased its stake in Intel by 246.5% in the 3rd quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker's stock worth $585,000 after buying an additional 17,749 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $26.88.
Check Out Our Latest Stock Analysis on INTC
Intel Trading Down 0.5 %
Shares of NASDAQ:INTC traded down $0.11 during mid-day trading on Friday, reaching $20.64. 80,961,008 shares of the company were exchanged, compared to its average volume of 99,575,508. The firm has a market cap of $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50-day simple moving average is $21.30 and its 200 day simple moving average is $21.81.
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 for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.
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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