Wellington Management Group LLP reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,777,305 shares of the chip maker's stock after selling 23,895 shares during the quarter. Wellington Management Group LLP's holdings in Intel were worth $35,635,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth $29,000. Finally, Conquis Financial LLC acquired a new position in shares of Intel during the 4th quarter worth $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Wedbush lowered their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.57.
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Intel Trading Down 3.8%
Shares of NASDAQ INTC traded down $0.76 on Friday, reaching $19.49. 113,992,028 shares of the company traded hands, compared to its average volume of 81,376,147. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a 50 day moving average of $20.67 and a 200 day moving average of $21.44. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $85.02 billion, a PE ratio of -4.45 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Intel Company 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.
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