S&CO Inc. Cuts Stock Position in Intel Co. (NASDAQ:INTC)

S&CO Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 24.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,029 shares of the chip maker's stock after selling 29,011 shares during the quarter. S&CO Inc.'s holdings in Intel were worth $1,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after purchasing an additional 12,865,308 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Intel by 224.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after buying an additional 7,207,785 shares in the last quarter. State Street Corp increased its position in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

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Intel Trading Up 4.7 %

Shares of Intel stock traded up $0.93 during trading on Wednesday, reaching $20.71. 79,747,528 shares of the stock were exchanged, compared to its average volume of 98,349,523. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $89.68 billion, a price-to-earnings ratio of -4.73 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock's fifty day moving average is $21.29 and its 200 day moving average is $21.81.

Intel (NASDAQ:INTC - Get Free Report) last released 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on INTC shares. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.88.

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.