Royal London Asset Management Ltd. Grows Stake in Intel Co. (NASDAQ:INTC)

Royal London Asset Management Ltd. lifted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,844,321 shares of the chip maker's stock after acquiring an additional 46,707 shares during the period. Royal London Asset Management Ltd.'s holdings in Intel were worth $36,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the period. Prospera Financial Services Inc grew its position in Intel by 1.7% during the 3rd quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker's stock worth $1,579,000 after acquiring an additional 1,135 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Intel in the 3rd quarter worth approximately $64,000. Howe & Rusling Inc. lifted its position in Intel by 8.2% in the third quarter. Howe & Rusling Inc. now owns 31,613 shares of the chip maker's stock valued at $742,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Intel during the third quarter valued at approximately $48,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on INTC. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $27.04.

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Intel Stock Down 0.2 %

Shares of INTC traded down $0.04 on Monday, hitting $24.22. 68,936,310 shares of the stock traded hands, compared to its average volume of 72,089,673. The company has a market capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $22.01.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.