Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,465,324 shares of the chip maker's stock after acquiring an additional 295,174 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Intel worth $237,668,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in INTC. Advisor OS LLC grew its holdings in Intel by 8.1% during the 4th quarter. Advisor OS LLC now owns 10,474 shares of the chip maker's stock worth $210,000 after acquiring an additional 783 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Intel during the 4th quarter worth $64,000. Proficio Capital Partners LLC acquired a new position in Intel during the 4th quarter worth $1,789,000. Flputnam Investment Management Co. lifted its position in shares of Intel by 10.2% in the 4th quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker's stock worth $847,000 after buying an additional 3,904 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of Intel in the 4th quarter worth about $2,659,000. 64.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
INTC has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. UBS Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company reduced their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.57.
Check Out Our Latest Stock Analysis on INTC
Intel Stock Performance
Shares of INTC opened at $22.69 on Friday. The firm's 50 day moving average is $20.81 and its 200-day moving average is $21.13. The stock has a market capitalization of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. Equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.
Intel Profile
(
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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