Royal London Asset Management Ltd. Purchases 46,707 Shares of Intel Co. (NASDAQ:INTC)

Royal London Asset Management Ltd. lifted its position in shares of Intel Co. (NASDAQ:INTC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,844,321 shares of the chip maker’s stock after acquiring an additional 46,707 shares during the period. Royal London Asset Management Ltd.’s holdings in Intel were worth $36,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $23.96 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 cap of $103.75 billion, a P/E ratio of -5.47 and a beta of 1.02. The firm’s fifty day moving average is $21.85 and its two-hundred day moving average is $21.96. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. 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, Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Four research 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’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $27.04.

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.