Grant Private Wealth Management Inc bought a new stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,700 shares of the chip maker’s stock, valued at approximately $527,000.
Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Intel by 2.3% in the second quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock worth $8,644,244,000 after acquiring an additional 8,513,298 shares during the last quarter. State Street Corp boosted its holdings in Intel by 1.6% in the 2nd quarter. State Street Corp now owns 203,617,629 shares of the chip maker’s stock valued at $4,561,035,000 after purchasing an additional 3,168,824 shares during the period. Geode Capital Management LLC boosted its holdings in Intel by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker’s stock valued at $2,174,854,000 after purchasing an additional 1,760,773 shares during the period. Primecap Management Co. CA grew its position in Intel by 4.3% in the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker’s stock worth $1,798,679,000 after purchasing an additional 3,313,890 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Intel during the 2nd quarter worth about $1,579,378,000. 64.53% of the stock is owned by institutional investors.
Intel Stock Performance
Shares of NASDAQ:INTC opened at $37.31 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The business’s fifty day moving average price is $38.09 and its two-hundred day moving average price is $29.08. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $44.02. The stock has a market capitalization of $178.23 billion, a price-to-earnings ratio of 3,734.73 and a beta of 1.34.
Analyst Ratings Changes
INTC has been the topic of a number of recent research reports. Bank of America reissued an “underperform” rating and set a $34.00 target price on shares of Intel in a research report on Monday, October 13th. Evercore ISI lifted their price objective on Intel from $23.00 to $41.10 in a report on Friday, October 24th. Loop Capital boosted their price objective on Intel from $25.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a research report on Tuesday, November 18th. Finally, Northland Securities lifted their price target on shares of Intel from $28.00 to $42.00 in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $34.84.
Read Our Latest Analysis on Intel
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.
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