Intel Co. (NASDAQ:INTC) Stock Position Raised by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,804,632 shares of the chip maker’s stock after purchasing an additional 2,047,384 shares during the period. Alliancebernstein L.P. owned approximately 0.20% of Intel worth $176,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Vanguard Group Inc. lifted its stake in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. State Street Corp lifted its position in shares of Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC boosted its stake in Intel by 4.6% in 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 purchasing an additional 4,103,553 shares during the period. Norges Bank purchased a new position in Intel during the 4th quarter worth approximately $1,246,569,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Intel by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after purchasing an additional 2,248,342 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.04.

Intel Stock Performance

Shares of NASDAQ INTC opened at $22.05 on Wednesday. The firm has a market capitalization of $95.48 billion, a price-to-earnings ratio of -5.03 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $44.08. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.20. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Intel Company 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.