Phoenix Financial Ltd. Has $1.26 Million Holdings in Intel Co. (NASDAQ:INTC)

Phoenix Financial Ltd. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,931 shares of the chip maker’s stock after selling 670 shares during the period. Phoenix Financial Ltd.’s holdings in Intel were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Intel in the 4th quarter valued at about $1,246,569,000. Assenagon Asset Management S.A. raised its position in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Intel during the 4th quarter worth approximately $93,393,000. Finally, Invesco Ltd. grew 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.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.88 on Friday. 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 market cap of $86.69 billion, a price-to-earnings ratio of -4.54 and a beta of 1.13. The stock’s fifty day moving average price is $22.36 and its two-hundred day moving average price is $22.12. Intel Co. has a one year low of $17.67 and a one year high of $37.67.

Intel (NASDAQ:INTC) last released 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INTC shares. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.