Intel Co. (NASDAQ:INTC) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Intel Co. (NASDAQ:INTC) by 5.1% during the 4th quarter, HoldingsChannel reports. The fund owned 7,685,767 shares of the chip maker’s stock after selling 410,195 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Intel were worth $154,100,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Intel by 4.6% during 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 in the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of 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 purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $276,000. Finally, InvesTrust bought a new position in shares of Intel during the fourth quarter worth about $3,696,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 11.5 %

INTC opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. The stock’s fifty day moving average is $22.36 and its 200-day moving average is $22.20. Intel Co. has a one year low of $18.51 and a one year high of $39.46.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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 fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.