Bayesian Capital Management LP Acquires Shares of 284,900 Intel Co. (NASDAQ:INTC)

Bayesian Capital Management LP purchased a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 284,900 shares of the chip maker's stock, valued at approximately $5,712,000. Intel accounts for about 0.7% of Bayesian Capital Management LP's holdings, making the stock its 19th largest position.

Other hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its holdings in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares during the period. Federated Hermes Inc. raised its stake in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after acquiring an additional 456 shares during the period. CFM Wealth Partners LLC lifted its holdings in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after purchasing an additional 500 shares during the period. Finally, Wealth Quarterback LLC raised its position in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after purchasing an additional 508 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on INTC. Wedbush reduced their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Barclays restated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Six 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.23.

Intel Stock Performance

Shares of INTC stock traded down $0.33 during trading hours on Tuesday, hitting $19.94. The company's stock had a trading volume of 50,802,840 shares, compared to its average volume of 79,743,347. The stock has a market cap of $86.98 billion, a PE ratio of -4.55 and a beta of 1.15. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a 50 day moving average of $21.41 and a 200 day moving average of $21.75. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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