2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. lessened its stake in Intel Co. (NASDAQ:INTC – Free Report) by 39.
2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 796,745 shares of the chip maker’s stock after selling 514,075 shares during the period. Envestnet Asset Management Inc.
’s holdings in Intel were worth $15,975,000 at the end of the most recent quarter. Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in Intel in the fourth quarter worth about $1,246,569,000.
Assenagon Asset Management S.A. lifted its stake in Intel by 264.
0% during the fourth quarter. Assenagon Asset Management S.A.
now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Intel by 1.
7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter.
Geode Capital Management LLC grew its position in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after buying an additional 2,978,346 shares during the last quarter.
Finally, Raymond James Financial Inc. acquired a new position in Intel in the fourth quarter worth approximately $53,465,000. Institutional investors and hedge funds own 64.
53% of the company’s stock. Intel Stock PerformanceShares of NASDAQ:INTC opened at $19.85 on Wednesday.
The stock has a market capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.
13. The business’s fifty day moving average price is $22.39 and its two-hundred day moving average price is $22.
04. Intel Co. has a fifty-two week low of $17.
67 and a fifty-two week high of $37.16. 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 – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, analysts predict that Intel Co.
will post -0.11 EPS for the current fiscal year. Wall Street Analyst Weigh InA number of brokerages recently issued reports on INTC.
Benchmark restated a “hold” rating on shares of Intel 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 research report on Friday, January 31st. Citigroup reduced their price target on shares of Intel from $22.00 to $21.
00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Truist Financial lowered their price target on Intel from $22.00 to $21.
00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Monday. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company’s stock.
According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $25.54.Read Our Latest Analysis on IntelAbout Intel (Free Report)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.Featured ArticlesFive stocks we like better than IntelWhat Are Dividend Contenders? Investing in Dividend ContendersBeware of BigBear.
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