Rossmore Private Capital Sells 2,980 Shares of Intel Corporation (NASDAQ:INTC)

Rossmore Private Capital decreased its holdings in Intel Corporation (NASDAQ:INTCFree Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,355 shares of the chip maker’s stock after selling 2,980 shares during the period. Rossmore Private Capital’s holdings in Intel were worth $349,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intel by 8.2% in the fourth 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 worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Northern Trust Corp lifted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Invesco Ltd. lifted its stake in Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock worth $991,316,000 after purchasing an additional 562,246 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker’s stock worth $795,431,000 after purchasing an additional 1,086,836 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $21.81 on Wednesday. The firm has a market cap of $95.46 billion, a price-to-earnings ratio of -4.57 and a beta of 1.22. The company’s 50 day moving average is $21.61 and its 200 day moving average is $21.48. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 earnings per share. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTC shares. Wall Street Zen downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of Intel from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, July 25th. Susquehanna decreased their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.17.

Check Out Our Latest Stock Report on Intel

Intel 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.

Further Reading

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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