Rockefeller Capital Management L.P. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Rockefeller Capital Management L.P. lowered its position in Intel Co. (NASDAQ:INTC) by 44.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 758,212 shares of the chip maker’s stock after selling 595,135 shares during the period. Rockefeller Capital Management L.P.’s holdings in Intel were worth $15,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after purchasing an additional 456 shares in the last quarter. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after acquiring an additional 500 shares during the last quarter. Wealth Quarterback LLC grew its stake in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after acquiring an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Barclays dropped 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 note on Friday, January 17th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald boosted their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Four equities 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.54.

Intel Price Performance

INTC opened at $20.31 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $22.38 and its 200-day simple moving average is $22.05. The company has a market capitalization of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last announced 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts anticipate that Intel Co. will post -0.11 earnings per share 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.