Banco Santander S.A. Trims Stock Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• Banco Santander S.A. reduced its stake in Intel by 16.4%, selling 48,108 shares in the first quarter, bringing its total ownership to 244,503 shares valued at $5,553,000.
• In the latest earnings report, Intel posted a loss of ($0.10) earnings per share, falling short of analysts' expectations, despite a revenue increase of 0.5% year-over-year to $12.86 billion.
• The stock's current price is $19.31, down 2.5%, with analysts rating Intel as a "Hold" and setting a consensus target price of $22.17.

Banco Santander S.A. decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,503 shares of the chip maker's stock after selling 48,108 shares during the period. Banco Santander S.A.'s holdings in Intel were worth $5,553,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in shares of Intel in the fourth quarter valued at approximately $62,654,000. Toronto Dominion Bank raised its holdings in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Alteri Wealth LLC acquired a new position in Intel during the fourth quarter worth $2,379,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Citigroup reaffirmed a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Morgan Stanley cut their price target 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-four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $22.17.

Intel Stock Up 1.0%

Shares of NASDAQ INTC traded up $0.19 on Monday, hitting $19.50. The company had a trading volume of 68,960,150 shares, compared to its average volume of 82,517,544. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The business has a 50 day moving average of $21.58 and a two-hundred day moving average of $21.54. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $85.35 billion, a P/E ratio of -4.09 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the previous year, the company earned $0.02 EPS. Intel's quarterly revenue was up .5% on a year-over-year basis. As a group, equities research 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.