Northern Trust Corp Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

Northern Trust Corp increased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,811,555 shares of the chip maker's stock after acquiring an additional 6,157,853 shares during the period. Northern Trust Corp owned about 1.06% of Intel worth $918,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Finley Financial LLC purchased a new stake in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at about $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. cut their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a report on Monday. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.23.

Intel Trading Down 0.6 %

NASDAQ:INTC traded down $0.12 during trading hours on Thursday, reaching $19.98. 72,290,343 shares of the company were exchanged, compared to its average volume of 79,603,295. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $87.12 billion, a price-to-earnings ratio of -4.56 and a beta of 1.13. The stock has a 50 day simple moving average of $21.61 and a 200 day simple moving average of $21.81. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 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 business earned $0.18 earnings per share. The company's revenue was down .4% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.