Royal London Asset Management Ltd. Has $42.17 Million Stock Position in Intel Co. (NASDAQ:INTC)

Royal London Asset Management Ltd. lifted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,797,614 shares of the chip maker's stock after acquiring an additional 51,895 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Intel were worth $42,172,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Key Financial Inc boosted its stake in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker's stock worth $269,000 after acquiring an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker's stock worth $767,000 after acquiring an additional 348 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Intel by 0.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker's stock worth $2,000,000 after acquiring an additional 381 shares in the last quarter. Alhambra Investment Management LLC boosted its stake in shares of Intel by 5.9% during the 2nd quarter. Alhambra Investment Management LLC now owns 7,000 shares of the chip maker's stock worth $217,000 after acquiring an additional 389 shares in the last quarter. Finally, Everpar Advisors LLC boosted its position in shares of Intel by 4.6% in the second quarter. Everpar Advisors LLC now owns 9,822 shares of the chip maker's stock worth $304,000 after buying an additional 435 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.12 during midday trading on Friday, hitting $20.92. The company's stock had a trading volume of 78,235,227 shares, compared to its average volume of 61,405,004. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The stock has a market capitalization of $90.23 billion, a price-to-earnings ratio of -5.62 and a beta of 1.05. The stock's 50 day simple moving average is $23.40 and its 200 day simple moving average is $25.67. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the business earned $0.28 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTC. TD Cowen raised Intel to a "hold" rating in a research report on Monday, September 16th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Mizuho raised their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.04.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by company insiders.

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.