Intel Corporation (NASDAQ:INTC) Shares Sold by Xponance Inc.

by · The Cerbat Gem

Xponance Inc. cut its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 643,992 shares of the chip maker’s stock after selling 18,673 shares during the quarter. Xponance Inc.’s holdings in Intel were worth $14,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Vanguard Group Inc. grew its stake in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC grew its stake in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares in the last quarter. Norges Bank acquired a new stake in Intel during the 4th quarter valued at approximately $1,246,569,000. Finally, Northern Trust Corp grew its stake in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Morgan Stanley lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Cantor Fitzgerald lowered their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Barclays restated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $21.76.

Read Our Latest Analysis on Intel

Intel Stock Down 1.6%

INTC opened at $23.43 on Friday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a market cap of $102.20 billion, a P/E ratio of -5.23 and a beta of 1.15. The stock’s 50 day moving average price is $21.33 and its 200 day moving average price is $21.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Company Profile

(Free Report)

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.

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