Hazlett Burt & Watson Inc. Sells 1,262 Shares of Intel Co. (NASDAQ:INTC)

Hazlett Burt & Watson Inc. lessened its holdings in Intel Co. (NASDAQ:INTC) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,545 shares of the chip maker’s stock after selling 1,262 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Intel were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in Intel during the fourth quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. boosted its holdings in shares of 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 worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Intel by 224.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Vanguard Group Inc. raised its holdings in Intel by 1.7% during 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 lifted its position in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus cut their price target 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. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 3.9 %

NASDAQ:INTC opened at $22.71 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. The company’s 50-day simple moving average is $22.33 and its 200-day simple moving average is $22.16. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last announced its 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities 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.