Intel Co. (NASDAQ:INTC) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its stake in Intel Co. (NASDAQ:INTC - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.06% of Intel worth $48,652,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. grew its holdings 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 worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Northern Trust Corp grew its holdings in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the period. Vanguard Group Inc. grew 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 acquiring an additional 6,143,164 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Intel during the fourth quarter worth $93,393,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INTC shares. StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Trading Up 3.5%

NASDAQ:INTC traded up $0.76 on Monday, hitting $22.18. 94,407,632 shares of the stock were exchanged, compared to its average volume of 80,074,482. The stock has a market cap of $96.75 billion, a PE ratio of -5.06 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $21.24 and a 200-day moving average of $21.70. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

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

Intel Profile

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.