Stephens Inc. AR Sells 55,635 Shares of Intel Co. (NASDAQ:INTC)

Stephens Inc. AR trimmed its position in Intel Co. (NASDAQ:INTC) by 34.2% during the 4th quarter, HoldingsChannel reports. The firm owned 107,009 shares of the chip maker’s stock after selling 55,635 shares during the period. Stephens Inc. AR’s holdings in Intel were worth $2,146,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Van ECK Associates Corp increased its stake in shares of Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after purchasing an additional 9,422,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after purchasing an additional 2,248,332 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 6.1 %

Shares of NASDAQ:INTC opened at $20.97 on Wednesday. The company has a market cap of $90.80 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. 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 company has a 50-day moving average price of $20.23 and a 200 day moving average price of $21.78.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INTC. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird raised their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.60.

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.