Intel Co. (NASDAQ:INTC) was downgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, The Fly reports.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Eagle Asset Management increased its position in shares of Intel by 85.7% in the third quarter. Eagle Asset Management now owns 174,020 shares of the chip maker’s stock valued at $5,244,000 after buying an additional 80,318 shares during the last quarter. Park National boosted its stake in Intel by 1.8% in the fourth quarter. Park National now owns 765,218 shares of the chip maker’s stock valued at $26,362,000 after buying an additional 13,784 shares during the period. Pensionfund Sabic boosted its stake in Intel by 25.6% in the fourth quarter. Pensionfund Sabic now owns 113,000 shares of the chip maker’s stock valued at $3,893,000 after buying an additional 23,000 shares during the period. Pensionfund DSM Netherlands boosted its stake in Intel by 15.2% in the fourth quarter. Pensionfund DSM Netherlands now owns 227,100 shares of the chip maker’s stock valued at $7,824,000 after buying an additional 30,000 shares during the period. Finally, Kistler-Tiffany Companies boosted its stake in Intel by 2.5% in the fourth quarter. Kistler-Tiffany Companies now owns 18,022 shares of the chip maker’s stock valued at $670,000 after buying an additional 448 shares during the period.
Source: American Banking and Market News