Dimensional Fund Advisors LP Has $325.78 Million Stake in Intel Co. (NASDAQ:INTC)

Dimensional Fund Advisors LP reduced its holdings in Intel Co. (NASDAQ:INTC) by 10.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,249,327 shares of the chip maker’s stock after selling 1,805,401 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Intel were worth $325,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of Intel in the 3rd quarter valued at about $354,000. Advisory Resource Group grew its holdings in Intel by 6.7% during the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker’s stock valued at $389,000 after purchasing an additional 1,034 shares during the period. SOA Wealth Advisors LLC. increased its stake in Intel by 7.3% in the third quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker’s stock valued at $213,000 after purchasing an additional 615 shares in the last quarter. World Investment Advisors LLC raised its holdings in Intel by 59.6% in the third quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock worth $1,009,000 after purchasing an additional 16,046 shares during the period. Finally, Denver PWM LLC boosted its position in shares of Intel by 752.1% during the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock worth $620,000 after purchasing an additional 23,324 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on INTC shares. Cantor Fitzgerald upped their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.38.

Intel Stock Performance

Shares of INTC opened at $18.93 on Monday. 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 50-day moving average of $22.34 and a 200-day moving average of $21.95. The company has a market cap of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last announced its quarterly 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%. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.