Intel Co. (NASDAQ:INTC) Stock Holdings Cut by Berger Financial Group Inc

Berger Financial Group Inc reduced its position in shares of Intel Co. (NASDAQ:INTC) by 23.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,561 shares of the chip maker’s stock after selling 3,587 shares during the quarter. Berger Financial Group Inc’s holdings in Intel were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Norges Bank bought a new position in Intel during the 4th quarter valued at $1,246,569,000. Assenagon Asset Management S.A. boosted its stake in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Intel during the 4th quarter worth $93,393,000. Finally, Invesco Ltd. boosted its stake in shares of Intel by 9.4% during the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after acquiring an additional 3,696,377 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on INTC. Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday. Rosenblatt Securities lowered their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Citigroup reaffirmed a “sell” rating on shares of Intel in a research report on Friday. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.23.

Intel Stock Up 2.3 %

Shares of INTC stock opened at $20.51 on Tuesday. The stock has a market cap of $89.44 billion, a P/E ratio of -4.68 and a beta of 1.13. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock has a fifty day moving average price of $21.82 and a 200 day moving average price of $21.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business’s revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share. Analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Profile

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.