Insight 2811 Inc. Has $304,000 Position in Intel Co. (NASDAQ:INTC)

Insight 2811 Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,166 shares of the chip maker’s stock after selling 5,565 shares during the period. Insight 2811 Inc.’s holdings in Intel were worth $304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 acquiring an additional 12,865,308 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after purchasing an additional 7,207,785 shares during the period. 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 worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Intel by 2.8% in the third 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. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $27.04.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.22 on Tuesday. The stock’s 50 day moving average is $22.05 and its 200-day moving average is $22.04. 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 firm has a market capitalization of $104.87 billion, a price-to-earnings 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 return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.