Baxter Bros Inc. Decreases Holdings in Intel Co. (NASDAQ:INTC)

Baxter Bros Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,982 shares of the chip maker’s stock after selling 48,908 shares during the quarter. Baxter Bros Inc.’s holdings in Intel were worth $1,503,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new position in shares of Intel in the fourth quarter worth about $276,000. Finally, InvesTrust purchased a new position in Intel in the 4th quarter worth about $3,696,000. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.2 %

INTC stock opened at $24.22 on Tuesday. The business’s 50-day moving average is $22.05 and its 200 day moving average is $22.04. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The stock has a market cap of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. 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 posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. UBS Group decreased their price target 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. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.