Cullen Frost Bankers Inc. Has $1.92 Million Stake in Intel Corporation (NASDAQ:INTC)

Cullen Frost Bankers Inc. lessened its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 32.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,455 shares of the chip maker's stock after selling 40,136 shares during the period. Cullen Frost Bankers Inc.'s holdings in Intel were worth $1,918,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of INTC. Vanguard Group Inc. increased its holdings in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Geode Capital Management LLC lifted its position in Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after acquiring an additional 4,793,927 shares in the last quarter. Norges Bank bought a new position in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp raised its holdings in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Mizuho boosted their price target on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Citigroup reiterated a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Sanford C. Bernstein cut their price objective 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. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.95.

Intel Stock Up 0.5%

Intel stock opened at $22.80 on Friday. The business has a fifty day moving average of $21.53 and a two-hundred day moving average of $21.38. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a market cap of $99.45 billion, a P/E ratio of -5.09 and a beta of 1.15. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $36.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its 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 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the firm earned $0.18 EPS. The company's quarterly revenue was down .4% on a year-over-year basis. On average, analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.