Intel Co. (NASDAQ:INTC) Stock Position Reduced by Associated Banc Corp

Associated Banc Corp lessened its position in shares of Intel Co. (NASDAQ:INTC) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,328 shares of the chip maker’s stock after selling 36,789 shares during the period. Associated Banc Corp’s holdings in Intel were worth $1,771,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of INTC. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $29,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of Intel stock opened at $24.05 on Friday. The stock has a market cap of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. The business has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $21.85. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41.

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

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.