Intel Co. (NASDAQ:INTC) Shares Sold by Biltmore Family Office LLC

Biltmore Family Office LLC decreased its position in Intel Co. (NASDAQ:INTC) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,832 shares of the chip maker’s stock after selling 670 shares during the period. Biltmore Family Office LLC’s holdings in Intel were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Intel during the fourth quarter valued at $1,246,569,000. Assenagon Asset Management S.A. grew its position in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Vanguard Group Inc. raised its stake in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. State Street Corp lifted its holdings in Intel by 2.8% in the third 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. Finally, Geode Capital Management LLC boosted its stake in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on INTC. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.04.

Intel Trading Down 0.3 %

Shares of NASDAQ INTC opened at $21.98 on Thursday. The company’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $22.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $41.65. The firm has a market capitalization of $95.85 billion, a P/E ratio of -5.02 and a beta of 1.13.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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, analysts predict 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.