Handelsbanken Fonder AB Has $45.14 Million Stock Position in Intel Co. (NASDAQ:INTC)

Handelsbanken Fonder AB cut its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,987,571 shares of the chip maker's stock after selling 88,866 shares during the period. Handelsbanken Fonder AB's holdings in Intel were worth $45,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Advisory LLC boosted its stake in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares during the period. Ausdal Financial Partners Inc. boosted its position in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares during the period. Finally, Wealth Quarterback LLC grew its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after buying an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.63 during trading on Friday, reaching $20.14. 87,385,210 shares of the company traded hands, compared to its average volume of 83,420,181. The firm has a market capitalization of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12. Intel Co. has a 52 week low of $17.67 and a 52 week 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 company's 50 day moving average is $20.43 and its two-hundred day moving average is $21.16.

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