Janney Montgomery Scott LLC reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 45.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 735,570 shares of the chip maker's stock after selling 622,384 shares during the quarter. Janney Montgomery Scott LLC's holdings in Intel were worth $17,256,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Guardian Capital Advisors LP lifted its stake in Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker's stock worth $708,000 after purchasing an additional 328 shares during the last quarter. Richard C. Young & CO. LTD. boosted its holdings in shares of Intel by 0.9% in the 1st quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker's stock valued at $1,656,000 after buying an additional 338 shares during the period. Key Financial Inc grew its position in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker's stock valued at $269,000 after buying an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker's stock worth $767,000 after acquiring an additional 348 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its stake in Intel by 1.6% in the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker's stock valued at $1,015,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.
Several analysts recently issued reports on INTC shares. Barclays cut their price target on Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, August 2nd. Cantor Fitzgerald lowered their price target on shares of Intel from $40.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Morgan Stanley decreased their target price on shares of Intel from $36.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, August 2nd. Finally, UBS Group cut their price target on Intel from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.12.
Check Out Our Latest Report on Intel
NASDAQ INTC opened at $23.32 on Wednesday. The firm's 50 day moving average price is $21.90 and its two-hundred day moving average price is $26.73. The stock has a market cap of $99.72 billion, a price-to-earnings ratio of -6.27 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post -0.47 EPS for the current year.
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.
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