Signaturefd LLC Sells 6,528 Shares of Intel Co. (NASDAQ:INTC)

Signaturefd LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,715 shares of the chip maker’s stock after selling 6,528 shares during the period. Signaturefd LLC’s holdings in Intel were worth $696,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC lifted its position in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $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 lifted its position in Intel by 28.2% during the third 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 period. Charles Schwab Investment Management Inc. lifted its position in Intel by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after buying an additional 2,248,342 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Intel by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock valued at $613,855,000 after buying an additional 86,483 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Trading Down 6.9 %

Intel stock opened at $24.12 on Thursday. The business has a 50-day simple moving average of $21.77 and a two-hundred day simple moving average of $21.95. The company has a market cap of $104.44 billion, a P/E ratio of -5.51 and a beta of 1.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. 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 announced its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.