Swiss National Bank Sells 555,800 Shares of Intel Co. (NASDAQ:INTC)

Swiss National Bank lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,079,600 shares of the chip maker’s stock after selling 555,800 shares during the period. Swiss National Bank’s holdings in Intel were worth $242,196,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Finley Financial LLC bought a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during 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 during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INTC. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.88.

Intel Stock Up 4.6 %

Shares of INTC opened at $20.68 on Thursday. The firm has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $21.80. The company has a market cap of $89.54 billion, a P/E ratio of -4.72 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 one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast 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.