Tyler Stone Wealth Management cut its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 35.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,776 shares of the chip maker's stock after selling 14,500 shares during the period. Tyler Stone Wealth Management's holdings in Intel were worth $537,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in INTC. Geode Capital Management LLC boosted 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 during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its position in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $276,000. Finally, InvesTrust purchased a new stake in Intel in the 4th quarter worth approximately $3,696,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Trading Down 3.9 %
Shares of INTC stock traded down $0.91 on Friday, hitting $22.71. The stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. The company's 50 day moving average price is $22.33 and its 200-day moving average price is $22.15. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. 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 firm has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.
Analyst Ratings Changes
INTC has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. UBS Group dropped their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Barclays decreased their price target on 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. Finally, Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.04.
View Our Latest Report on INTC
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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