According to a report, MetLife Investment Management LLC has reduced its stake in Intel Corp. (INTC, Financial) by selling 26,117 shares during the third quarter. As of the latest filing, the fund owns 1,109,457 shares, valued at $26.03 million. This suggests mixed signals from institutional investors regarding Intel's stock.
Some firms bought into the companies' shares more aggressively, such as Fortis Group Advisors LLC, which bought 1,136% more, and others began to show restraint. For example, Swiss National Bank marginally increased the stakes by 0.3%, and Mizuho Securities upped its holdings by as much as nearly 2910%. Nevertheless, there has been a gradual change; currently, institutional investors hold 64.53% of Intel's stocks.
Current market opinion about Intel is still relatively conservative, although it has some fluctuations connected with institutional investment strategies, pointing to real fears connected with Intel's future performance in the framework of the existing competition within the sphere of semiconductors. In this situation, the Laptop evolved as a PC manufacturer. It may focus on internal issues of its growth and, at the same time, on the general tendencies in the market and major players' movements, which may determine the future of Intel.
