Intel Co. (NASDAQ:INTC) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 40.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 249,806 shares of the chip maker’s stock after selling 168,473 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Intel were worth $5,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Intel by 4.6% during 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. Relyea Zuckerberg Hanson LLC increased its position in Intel by 211.6% during the 4th 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. increased its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new position in Intel during the 4th quarter worth approximately $276,000. Finally, Swiss National Bank boosted its stake in shares of Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after acquiring an additional 31,800 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on INTC. Wells Fargo & Company decreased their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald boosted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Truist Financial decreased their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Up 16.1 %

INTC stock opened at $27.39 on Wednesday. The company has a market cap of $118.60 billion, a price-to-earnings ratio of -6.25 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $20.38 and a 200-day simple moving average of $21.52. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

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%. On average, equities research analysts expect that Intel Co. will post -0.11 EPS 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.