Glen Eagle Advisors LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Glen Eagle Advisors LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,915 shares of the chip maker’s stock after selling 1,363 shares during the period. Glen Eagle Advisors LLC’s holdings in Intel were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Norges Bank purchased a new stake in shares of Intel in the 4th quarter worth about $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel during the fourth quarter valued at about $289,752,000. Two Sigma Investments LP purchased a new position in shares of Intel during the fourth quarter valued at about $237,457,000. Toronto Dominion Bank raised its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after buying an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after buying an additional 6,157,853 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, April 25th. Wedbush dropped their price target on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Citigroup reaffirmed a “sell” rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities decreased their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday. They set a “hold” rating and a $23.00 target price on the stock. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.57.

Intel Stock Performance

Shares of INTC stock opened at $20.69 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $21.29 and a 200-day moving average price of $21.66. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The firm has a market capitalization of $90.25 billion, a PE ratio of -4.72 and a beta of 1.15.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.