Intel Co. (NASDAQ:INTC) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD reduced its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,927,928 shares of the chip maker's stock after selling 66,320 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.34% of Intel worth $299,306,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in INTC. Evergreen Capital Management LLC grew its position in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. raised its position in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after acquiring an additional 456 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after acquiring an additional 500 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after purchasing an additional 500 shares during the period. Finally, Wealth Quarterback LLC increased its holdings in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on INTC shares. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Rosenblatt Securities cut their price target on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday. Susquehanna lowered their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. UBS Group reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $22.23.

Intel Trading Up 2.3 %

NASDAQ:INTC traded up $0.46 on Monday, hitting $20.51. The stock had a trading volume of 96,442,716 shares, compared to its average volume of 79,525,526. The company has a fifty day moving average price of $21.92 and a two-hundred day moving average price of $21.85. The stock has a market cap of $89.44 billion, a price-to-earnings ratio of -4.68 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the business posted $0.18 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal 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.