Boston Family Office LLC Lowers Stake in Intel Co. (NASDAQ:INTC)

Boston Family Office LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,515 shares of the chip maker’s stock after selling 500 shares during the quarter. Boston Family Office LLC’s holdings in Intel were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INTC. Norges Bank acquired a new stake in shares of Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. lifted its position in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after buying an additional 7,207,785 shares during the last quarter. Vanguard Group Inc. grew its holdings in Intel by 1.7% in the 4th 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 during the period. Finally, State Street Corp increased its stake in shares of Intel by 2.8% during 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 during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Four equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.04.

Intel Price Performance

Shares of NASDAQ:INTC opened at $22.05 on Wednesday. The company has a market cap of $95.48 billion, a P/E ratio of -5.03 and a beta of 1.02. The company’s fifty day moving average is $22.36 and its two-hundred day moving average is $22.20. 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 $44.08.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Equities analysts expect that Intel Co. will post -0.11 earnings per share 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.