Franklin Resources Inc. Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Franklin Resources Inc. decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 42.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,560,227 shares of the chip maker’s stock after selling 1,150,955 shares during the quarter. Franklin Resources Inc.’s holdings in Intel were worth $31,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Summit Financial LLC grew its holdings in Intel by 8.3% during the 4th quarter. Summit Financial LLC now owns 52,902 shares of the chip maker’s stock valued at $1,061,000 after buying an additional 4,055 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Intel by 30.3% in the fourth quarter. Alliancebernstein L.P. now owns 8,804,632 shares of the chip maker’s stock valued at $176,533,000 after acquiring an additional 2,047,384 shares during the period. Edmond DE Rothschild Holding S.A. grew its stake in Intel by 10.1% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 37,707 shares of the chip maker’s stock valued at $756,000 after acquiring an additional 3,457 shares in the last quarter. AIA Group Ltd increased its holdings in Intel by 220.3% during the 4th quarter. AIA Group Ltd now owns 33,197 shares of the chip maker’s stock worth $666,000 after acquiring an additional 22,833 shares during the period. Finally, Inkwell Capital LLC purchased a new stake in Intel in the 4th quarter worth approximately $1,169,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 11.5 %

NASDAQ:INTC opened at $19.85 on Friday. The firm has a market capitalization of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $22.36 and a 200 day moving average of $22.20. Intel Co. has a 52 week low of $18.51 and a 52 week high of $38.86.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTC. Stifel Nicolaus reduced their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Truist Financial dropped their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Cantor Fitzgerald upped their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Four 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, Intel has an average rating of “Hold” and an average price target of $25.58.

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.