Blair William & Co. IL Has $6.69 Million Position in Intel Co. (NASDAQ:INTC)

Blair William & Co. IL lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 333,839 shares of the chip maker’s stock after selling 5,498 shares during the quarter. Blair William & Co. IL’s holdings in Intel were worth $6,693,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Caisse Des Depots ET Consignations acquired a new position in shares of Intel during the 4th quarter worth $4,186,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Intel by 2.0% during the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 72,305 shares of the chip maker’s stock worth $1,450,000 after buying an additional 1,450 shares during the last quarter. NEOS Investment Management LLC increased its position in Intel by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 557,546 shares of the chip maker’s stock worth $11,179,000 after buying an additional 113,812 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in Intel by 8.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 823,763 shares of the chip maker’s stock valued at $16,516,000 after buying an additional 61,454 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Intel by 7.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,109,033 shares of the chip maker’s stock worth $146,162,000 after acquiring an additional 463,500 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price 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. UBS Group cut their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Price Performance

Intel stock opened at $22.71 on Friday. The business’s fifty day moving average is $22.33 and its two-hundred day moving average is $22.15. The firm has a market cap of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal 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.