American Century Companies Inc. Has $35.38 Million Holdings in Intel Co. (NASDAQ:INTC)

American Century Companies Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,764,639 shares of the chip maker’s stock after selling 47,222 shares during the period. American Century Companies Inc.’s holdings in Intel were worth $35,381,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in INTC. Finley Financial LLC acquired a new stake in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter valued at approximately $29,000. Finally, Quest Partners LLC increased its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 3.9 %

INTC opened at $22.71 on Friday. The company has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s fifty day moving average price is $22.33 and its two-hundred day moving average price is $22.12. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $27.04.

Intel 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.