Intel Co. (NASDAQ:INTC) Shares Sold by Rathbones Group PLC

Rathbones Group PLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,426 shares of the chip maker’s stock after selling 7,780 shares during the period. Rathbones Group PLC’s holdings in Intel were worth $2,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Intel during the 4th quarter valued at approximately $1,246,569,000. Assenagon Asset Management S.A. grew 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 buying an additional 14,227,458 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC raised its holdings in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Intel by 9.4% during the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock valued at $863,931,000 after acquiring an additional 3,696,377 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $18.13 on Wednesday. The stock’s 50 day moving average price is $22.28 and its 200 day moving average price is $22.15. 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 stock has a market cap of $79.06 billion, a price-to-earnings ratio of -4.14 and a beta of 1.13. Intel Co. has a 12 month low of $17.67 and a 12 month high of $38.58.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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%. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INTC shares. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. 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. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Four equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.58.

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.