Rafferty Asset Management LLC Has $275.50 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Rafferty Asset Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,740,500 shares of the chip maker’s stock after selling 4,133,661 shares during the quarter. Intel comprises about 1.0% of Rafferty Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Rafferty Asset Management LLC’s holdings in Intel were worth $275,497,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter valued at $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at about $29,000. Finally, West Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on INTC shares. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Cfra Research upgraded Intel to a “hold” rating in a report on Friday, April 25th. Citigroup restated a “sell” rating on shares of Intel in a report on Friday, April 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 25th. Finally, Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Intel Stock Performance

INTC opened at $21.52 on Thursday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a market cap of $93.87 billion, a price-to-earnings ratio of -4.91 and a beta of 1.15. The business has a 50 day moving average of $21.33 and a 200-day moving average of $21.70. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the firm posted $0.18 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post -0.11 earnings per share 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.