Davis Selected Advisers lowered its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 99.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,683 shares of the chip maker's stock after selling 2,556,933 shares during the period. Davis Selected Advisers' holdings in Intel were worth $243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Freestone Grove Partners LP bought a new stake in shares of Intel during the 4th quarter valued at $62,654,000. Toronto Dominion Bank boosted its holdings in Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares during the period. Alteri Wealth LLC purchased a new stake in Intel during the 4th quarter valued at about $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its holdings in Intel by 120.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after acquiring an additional 35,000 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
INTC has been the subject of a number of research analyst reports. Rosenblatt Securities restated a "sell" rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their target price on Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Finally, Morgan Stanley reduced their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $22.17.
View Our Latest Research Report on Intel
Intel Stock Performance
Intel stock opened at $19.77 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The company has a market capitalization of $86.53 billion, a price-to-earnings ratio of -4.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The firm's fifty day moving average price is $21.56 and its 200 day moving average price is $21.51.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter last year, the firm posted $0.02 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.
About 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.
Further Reading

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