Lee Danner & Bass Inc. Has $5.34 Million Holdings in Intel Co. (NASDAQ:INTC)

Lee Danner & Bass Inc. trimmed its stake in Intel Co. (NASDAQ:INTC) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,415 shares of the chip maker’s stock after selling 25,708 shares during the period. Lee Danner & Bass Inc.’s holdings in Intel were worth $5,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its position in Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC grew its position in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 worth $680,472,000 after purchasing an additional 2,248,342 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Intel by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock worth $613,855,000 after purchasing an additional 86,483 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 0.7 %

Intel stock opened at $23.96 on Friday. The stock has a market capitalization of $103.75 billion, a PE ratio of -5.47 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month 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. The company has a 50 day moving average of $21.85 and a 200-day moving average of $21.96.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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%. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $27.04.

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.