Voleon Capital Management LP Makes New Investment in Intel Co. (NASDAQ:INTC)

Voleon Capital Management LP acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 369,875 shares of the chip maker's stock, valued at approximately $7,416,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company reduced their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus target price of $22.23.

Intel Trading Down 0.6 %

INTC traded down $0.12 on Thursday, reaching $19.98. 72,290,343 shares of the company's stock were exchanged, compared to its average volume of 79,603,295. The company's 50 day moving average is $21.61 and its 200-day moving average is $21.81. The company has a market cap of $87.12 billion, a price-to-earnings ratio of -4.56 and a beta of 1.13. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Equities analysts predict 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.