Atria Wealth Solutions Inc. Trims Stock Position in Intel Co. (NASDAQ:INTC)

Atria Wealth Solutions Inc. decreased its stake in Intel Co. (NASDAQ:INTC) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,487 shares of the chip maker’s stock after selling 42,331 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intel were worth $3,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after acquiring an additional 9,422,136 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock valued at $743,457,000 after purchasing an additional 2,248,332 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 1.4 %

NASDAQ:INTC opened at $26.09 on Friday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The stock’s fifty day moving average is $20.64 and its two-hundred day moving average is $21.59. The stock has a market capitalization of $112.97 billion, a price-to-earnings ratio of -5.96 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $26.88.

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.