Ensign Peak Advisors Inc Has $48.65 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Ensign Peak Advisors Inc trimmed its stake in Intel Co. (NASDAQ:INTC - Free Report) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,426,558 shares of the chip maker's stock after selling 728,540 shares during the period. Ensign Peak Advisors Inc owned about 0.06% of Intel worth $48,652,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Wedbush lowered their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $21.67.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.92 during trading on Wednesday, hitting $21.64. 56,417,246 shares of the company traded hands, compared to its average volume of 99,473,266. The stock has a market capitalization of $94.39 billion, a price-to-earnings ratio of -4.94 and a beta of 1.15. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business's fifty day moving average is $21.31 and its 200-day moving average is $21.70.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. As a group, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.