Corebridge Financial Inc. Sells 35,523 Shares of Intel Co. (NASDAQ:INTC)

Corebridge Financial Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,341,417 shares of the chip maker’s stock after selling 35,523 shares during the period. Corebridge Financial Inc.’s holdings in Intel were worth $26,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 1.3 %

NASDAQ:INTC opened at $24.26 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $22.01. The stock has a market cap of $105.05 billion, a price-to-earnings ratio of -5.54 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 issued 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Barclays dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Four investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Company 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.