Citizens Financial Group Inc. RI Sells 2,987 Shares of Intel Co. (NASDAQ:INTC)

Citizens Financial Group Inc. RI decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,583 shares of the chip maker’s stock after selling 2,987 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Intel were worth $1,793,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at $2,424,202,000. Price T Rowe Associates Inc. MD increased its stake in Intel by 543.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,384,507 shares of the chip maker’s stock worth $1,878,572,000 after buying an additional 31,575,084 shares during the period. Capital International Investors increased its stake in Intel by 16.0% in the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after buying an additional 15,475,631 shares during the period. California Public Employees Retirement System increased its stake in Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock worth $807,757,000 after buying an additional 8,140,835 shares during the period. Finally, Van ECK Associates Corp increased its stake in Intel by 44.8% in the 1st quarter. Van ECK Associates Corp now owns 21,556,234 shares of the chip maker’s stock worth $952,139,000 after buying an additional 6,673,086 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC traded down $7.57 on Friday, hitting $21.48. 296,936,344 shares of the company’s stock were exchanged, compared to its average volume of 50,004,988. Intel Co. has a fifty-two week low of $20.42 and a fifty-two week high of $51.28. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $31.54 and a 200-day moving average price of $37.02. The stock has a market cap of $91.44 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 18.39 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Intel from $38.00 to $27.00 and set a “hold” rating for the company in a research report on Friday. Evercore ISI decreased their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research report on Friday, April 26th. Wedbush decreased their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $23.00 in a research report on Friday. Five analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.41.

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.