Vanguard Group Inc. Buys 6,143,164 Shares of Intel Co. (NASDAQ:INTC)

Vanguard Group Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 369,099,204 shares of the chip maker’s stock after purchasing an additional 6,143,164 shares during the period. Vanguard Group Inc. owned about 0.09% of Intel worth $7,400,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Intel during the 3rd quarter valued at $361,000. Nwam LLC bought a new stake in shares of Intel during the 3rd quarter valued at $726,000. Great Valley Advisor Group Inc. raised its position in shares of Intel by 16.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker’s stock valued at $877,000 after acquiring an additional 5,295 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of Intel by 2.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker’s stock valued at $1,774,000 after buying an additional 1,858 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on INTC. Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Up 1.3 %

Intel stock opened at $24.26 on Monday. The stock has a market cap of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. 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 Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company’s 50-day moving average price is $21.95 and its two-hundred day moving average price is $22.01.

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%. As a group, analysts expect 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.