Wellington Management Group LLP Has $35.64 Million Stake in Intel Co. (NASDAQ:INTC)

Wellington Management Group LLP lessened its position in Intel Co. (NASDAQ:INTC) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,777,305 shares of the chip maker’s stock after selling 23,895 shares during the quarter. Wellington Management Group LLP’s holdings in Intel were worth $35,635,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Intel in the fourth quarter valued at approximately $1,246,569,000. Assenagon Asset Management S.A. increased its position in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after acquiring an additional 14,227,458 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Intel in the fourth quarter worth $53,465,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on INTC. Roth Mkm cut their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Citigroup decreased their target price 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. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Cantor Fitzgerald increased 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 investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.58.

Intel Price Performance

INTC opened at $19.85 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $38.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. The firm’s fifty day moving average price is $22.36 and its two-hundred day moving average price is $22.21.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, analysts anticipate 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.