Pitcairn Co. Has $427,000 Stake in Intel Co. (NASDAQ:INTC)

Pitcairn Co. reduced its stake in Intel Co. (NASDAQ:INTC) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,296 shares of the chip maker’s stock after selling 1,626 shares during the period. Pitcairn Co.’s holdings in Intel were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Grant Private Wealth Management Inc acquired a new position in shares of Intel during the fourth quarter worth $336,000. Westpac Banking Corp increased its holdings in Intel by 56.5% in the 4th quarter. Westpac Banking Corp now owns 74,320 shares of the chip maker’s stock worth $1,490,000 after purchasing an additional 26,824 shares in the last quarter. Headlands Technologies LLC increased its holdings in Intel by 664.1% in the 4th quarter. Headlands Technologies LLC now owns 143,043 shares of the chip maker’s stock worth $2,868,000 after purchasing an additional 124,323 shares in the last quarter. Geode Capital Management LLC raised its position in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. Finally, StoneX Group Inc. boosted its stake in shares of Intel by 53.2% during the fourth quarter. StoneX Group Inc. now owns 17,209 shares of the chip maker’s stock valued at $345,000 after purchasing an additional 5,977 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 11.5 %

Shares of NASDAQ INTC opened at $19.85 on Friday. 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 $38.86. The stock has a market capitalization of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13. The company has a 50-day moving average price of $22.36 and a 200-day moving average price of $22.20.

Intel (NASDAQ:INTC) last issued 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on INTC shares. UBS Group dropped their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Citigroup reduced their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.58.

Intel 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.