Holderness Investments Co. Sells 7,017 Shares of Intel Co. (NASDAQ:INTC)

Holderness Investments Co. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,765 shares of the chip maker’s stock after selling 7,017 shares during the period. Holderness Investments Co.’s holdings in Intel were worth $1,459,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. State Street Corp grew its position in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intel by 28.2% during the 3rd 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 worth $1,371,692,000 after buying an additional 12,865,308 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Intel by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock worth $680,472,000 after buying an additional 2,248,342 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Intel by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock worth $613,855,000 after buying an additional 86,483 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group cut their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Price Performance

INTC stock opened at $23.96 on Friday. The stock has a 50-day moving average price of $21.85 and a two-hundred day moving average price of $21.96. The stock has a market cap of $103.75 billion, a PE ratio of -5.47 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

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.