Rise Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 28.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,203 shares of the chip maker’s stock after selling 896 shares during the quarter. Rise Advisors LLC’s holdings in Intel were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in INTC. Diversified Trust Co lifted its position in shares of Intel by 1.8% in the 4th quarter. Diversified Trust Co now owns 83,791 shares of the chip maker’s stock worth $1,680,000 after purchasing an additional 1,445 shares during the period. Neville Rodie & Shaw Inc. raised its stake in Intel by 23.9% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 67,910 shares of the chip maker’s stock worth $1,361,000 after buying an additional 13,095 shares in the last quarter. Nordea Investment Management AB boosted its position in Intel by 6.0% during the 4th quarter. Nordea Investment Management AB now owns 349,657 shares of the chip maker’s stock valued at $7,028,000 after acquiring an additional 19,895 shares in the last quarter. General Partner Inc. grew its holdings in shares of Intel by 6.5% during the 4th quarter. General Partner Inc. now owns 12,366 shares of the chip maker’s stock worth $248,000 after acquiring an additional 750 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Intel by 12.1% in the 4th quarter. Versant Capital Management Inc now owns 5,583 shares of the chip maker’s stock worth $112,000 after acquiring an additional 603 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.
Intel Price Performance
Shares of Intel stock traded up $0.20 on Tuesday, hitting $20.07. 33,605,816 shares of the company traded hands, compared to its average volume of 52,831,930. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The business has a 50-day simple moving average of $22.25 and a 200 day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $86.56 billion, a P/E ratio of -5.40 and a beta of 1.07.
Insiders Place Their Bets
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Truist Financial upped their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $30.04.
View Our Latest Report on INTC
Intel Company Profile
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.
Further Reading
- Five stocks we like better than Intel
- Are Penny Stocks a Good Fit for Your Portfolio?
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
- Stock Average Calculator
- How Buffett’s Best and Worst Stock Bets Have Fared 5 Years Later
- What Are the U.K. Market Holidays? How to Invest and Trade
- Bill Ackman’s Bold Case for Fannie Mae and Freddie Mac
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.