Intel Co. (NASDAQ:INTC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,099,204 shares of the chip maker’s stock after purchasing an additional 6,143,164 shares during the quarter. Vanguard Group Inc. owned 8.52% of Intel worth $7,400,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

INTC opened at $24.26 on Monday. The company has a market capitalization of $105.05 billion, a price-to-earnings ratio of -5.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The business has a 50 day moving average price of $21.95 and a two-hundred day moving average price of $22.01.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts predict 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.