Prudential PLC Sells 165,920 Shares of Intel Co. (NASDAQ:INTC)

Prudential PLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 25.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 497,185 shares of the chip maker’s stock after selling 165,920 shares during the period. Prudential PLC’s holdings in Intel were worth $9,969,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its position in shares of Intel by 35,983.5% in the third quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker’s stock valued at $770,000 after buying an additional 32,745 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Intel during the 3rd quarter worth about $354,000. Royal London Asset Management Ltd. boosted its holdings in shares of Intel by 3.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,797,614 shares of the chip maker’s stock worth $42,172,000 after buying an additional 51,895 shares during the period. Quantinno Capital Management LP grew its stake in Intel by 288.4% in the 3rd quarter. Quantinno Capital Management LP now owns 278,245 shares of the chip maker’s stock valued at $6,528,000 after buying an additional 206,609 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Intel during the third quarter worth approximately $3,725,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.58.

Intel Stock Down 11.5 %

Shares of NASDAQ:INTC opened at $19.85 on Friday. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.20. Intel Co. has a 12-month low of $18.51 and a 12-month high of $39.46. The firm has a market cap 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.

Intel (NASDAQ:INTC) last posted 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%. Analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.