Nan Shan Life Insurance Co. Ltd. decreased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,401,037 shares of the chip maker's stock after selling 54,103 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in Intel were worth $28,091,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its position in Intel by 1.0% in the 4th 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 during the last quarter. Federated Hermes Inc. raised its position in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. CFM Wealth Partners LLC raised its position in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC raised its position in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Trading Up 0.5%
NASDAQ:INTC traded up $0.11 on Friday, reaching $21.66. The company's stock had a trading volume of 55,062,379 shares, compared to its average volume of 80,659,741. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $94.48 billion, a PE ratio of -4.95 and a beta of 1.15. The business's 50-day moving average price is $21.40 and its two-hundred day moving average price is $21.68.
Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. The company's revenue was down .4% on a year-over-year basis. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
INTC has been the subject of several research analyst reports. Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.67.
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About Intel
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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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