Treasurer of the State of North Carolina cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,921,323 shares of the chip maker's stock after selling 79,296 shares during the quarter. Treasurer of the State of North Carolina's holdings in Intel were worth $38,523,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Bank of Hawaii raised its holdings in Intel by 21.9% in the 4th quarter. Bank of Hawaii now owns 56,118 shares of the chip maker's stock valued at $1,125,000 after buying an additional 10,089 shares during the last quarter. F M Investments LLC boosted its position in shares of Intel by 15.6% during the 4th quarter. F M Investments LLC now owns 17,417 shares of the chip maker's stock worth $349,000 after purchasing an additional 2,352 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Intel by 1.1% in the fourth quarter. Bessemer Group Inc. now owns 63,101 shares of the chip maker's stock worth $1,265,000 after acquiring an additional 715 shares in the last quarter. APG Asset Management US Inc. grew its position in Intel by 13.3% in the 4th quarter. APG Asset Management US Inc. now owns 134,606 shares of the chip maker's stock valued at $2,699,000 after purchasing an additional 15,796 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Intel during the fourth quarter valued at about $53,465,000. Institutional investors own 64.53% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.58.
View Our Latest Analysis on Intel
Intel Price Performance
NASDAQ INTC traded down $0.14 during trading hours on Friday, reaching $19.74. 128,212,455 shares of the stock traded hands, compared to its average volume of 77,904,435. The stock has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $22.09. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, analysts predict that Intel Co. will post -0.11 EPS for the current fiscal 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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