Susquehanna Fundamental Investments LLC Acquires Shares of 271,500 Intel Co. (NASDAQ:INTC)

Susquehanna Fundamental Investments LLC purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 271,500 shares of the chip maker's stock, valued at approximately $5,444,000.

Other large investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC acquired a new stake in Intel in the 4th quarter valued at about $1,253,000. Van Den Berg Management I Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $4,816,000. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Intel by 36.6% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,729,698 shares of the chip maker's stock valued at $34,623,000 after purchasing an additional 463,597 shares in the last quarter. Kerrisdale Advisers LLC raised its position in Intel by 291.4% in the 4th quarter. Kerrisdale Advisers LLC now owns 63,550 shares of the chip maker's stock worth $1,274,000 after purchasing an additional 47,315 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in Intel by 46.6% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 263,849 shares of the chip maker's stock worth $5,290,000 after buying an additional 83,834 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Wells Fargo & Company cut their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley cut their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.23.

Intel Stock Performance

Shares of INTC stock traded down $0.24 on Wednesday, reaching $20.10. The stock had a trading volume of 67,694,791 shares, compared to its average volume of 79,526,580. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $87.65 billion, a price-to-earnings ratio of -4.59 and a beta of 1.13. The firm's 50-day moving average is $21.70 and its two-hundred day moving average is $21.82.

Intel (NASDAQ:INTC - Get Free Report) 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, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.