Nuveen Asset Management LLC Buys 576,788 Shares of Intel Co. (NASDAQ:INTC)

Nuveen Asset Management LLC grew its stake in Intel Co. (NASDAQ:INTC - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,197,729 shares of the chip maker's stock after acquiring an additional 576,788 shares during the quarter. Nuveen Asset Management LLC owned 0.51% of Intel worth $445,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Evergreen Capital Management LLC increased its stake in Intel by 1.0% in the fourth 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 in the last quarter. Federated Hermes Inc. increased its position in shares of 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 buying an additional 456 shares in the last quarter. CFM Wealth Partners LLC increased its position in shares of 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 buying an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC raised its position in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after purchasing an additional 508 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. UBS Group lowered their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $21.67.

Intel Stock Down 4.6%

INTC stock opened at $21.52 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $21.33 and a two-hundred day moving average price of $21.70. The company has a market cap of $93.87 billion, a price-to-earnings ratio of -4.91 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. The firm's revenue was down .4% on a year-over-year basis. Analysts anticipate that Intel Co. will post -0.11 EPS 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.

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