Somerville Kurt F cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,083 shares of the chip maker's stock after selling 14,792 shares during the quarter. Somerville Kurt F's holdings in Intel were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of INTC. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after buying an additional 438 shares during the period. CFM Wealth Partners LLC boosted its holdings in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. grew its position in Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC raised its stake in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after acquiring an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co boosted its stake in shares of Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock valued at $314,000 after purchasing an additional 550 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
INTC has been the topic of a number of research analyst reports. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target of $25.58.
Read Our Latest Research Report on INTC
Intel Stock Performance
Shares of NASDAQ:INTC traded down $2.58 during midday trading on Friday, reaching $19.85. 174,685,786 shares of the company traded hands, compared to its average volume of 75,988,704. 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 capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. Intel Co. has a 12 month low of $18.51 and a 12 month high of $38.86. The firm's fifty day moving average price is $22.36 and its two-hundred day moving average price is $22.20.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.
About Intel
(
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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