Insight 2811 Inc. Sells 5,565 Shares of Intel Co. (NASDAQ:INTC)

Insight 2811 Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,166 shares of the chip maker’s stock after selling 5,565 shares during the quarter. Insight 2811 Inc.’s holdings in Intel were worth $304,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. State Street Corp boosted its position in shares of 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 during the period. Geode Capital Management LLC boosted its position in shares of Intel by 4.6% during 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 buying an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Intel by 28.2% in 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 valued at $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after acquiring an additional 2,248,342 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Down 0.2 %

NASDAQ INTC opened at $24.22 on Tuesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The business has a fifty day moving average price of $22.05 and a two-hundred day moving average price of $22.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02.

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