Intel Co. (NASDAQ:INTC) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,727 shares of the chip maker's stock after selling 47,728 shares during the period. Welch & Forbes LLC's holdings in Intel were worth $5,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Intel in the 4th quarter worth about $276,000. Finally, Swiss National Bank boosted its holdings in Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock worth $296,426,000 after buying an additional 31,800 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTC. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Finally, Benchmark restated 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.88.

Intel Trading Down 0.8 %

NASDAQ:INTC traded down $0.15 during trading hours on Tuesday, reaching $19.78. 80,540,387 shares of the stock were exchanged, compared to its average volume of 98,798,695. 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 business has a 50-day moving average of $21.30 and a two-hundred day moving average of $21.81. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a market capitalization of $85.65 billion, a price-to-earnings ratio of -4.52 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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 predict that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.