S&CO Inc. Sells 34,726 Shares of Intel Corporation (NASDAQ:INTC)

Key Points

• S&CO Inc. sold 34,726 shares of Intel Corporation, reducing its position by 37.7% in the 1st quarter, leaving the firm with 57,303 shares valued at approximately $1.3 million.
• Various hedge funds are taking positions in Intel, with Toronto Dominion Bank increasing its stake by 286.8%, now owning over 10 million shares worth $211 million.
• Intel reported a quarterly earnings loss of ($0.10) per share, missing estimates, despite a revenue increase of 0.5% year-over-year to $12.86 billion.

S&CO Inc. trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 37.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,303 shares of the chip maker's stock after selling 34,726 shares during the quarter. S&CO Inc.'s holdings in Intel were worth $1,301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. Two Sigma Advisers LP acquired a new stake in shares of Intel in the 4th quarter worth $289,752,000. Two Sigma Investments LP acquired a new stake in shares of Intel during the fourth quarter worth $237,457,000. Toronto Dominion Bank lifted its stake in shares of 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 in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Intel by 1,180.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,209,637 shares of the chip maker's stock valued at $163,731,000 after buying an additional 6,646,727 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in 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 buying an additional 6,157,853 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "sell" rating and issued a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Loop Capital assumed coverage on shares of Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price target on the stock. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $22.30.

Intel Stock Performance

Shares of Intel stock traded down $0.07 during trading on Wednesday, hitting $20.34. 67,088,565 shares of the company's stock were exchanged, compared to its average volume of 80,259,520. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market capitalization of $89.03 billion, a price-to-earnings ratio of -4.26 and a beta of 1.15. The business has a 50-day simple moving average of $21.61 and a 200-day simple moving average of $21.52. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $30.87.

Intel (NASDAQ:INTC - Get Free Report) last issued 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). The firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. On average, research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Intel 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.