Bridgeway Capital Management LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Bridgeway Capital Management LLC grew its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 21.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 922,110 shares of the chip maker's stock after buying an additional 162,910 shares during the period. Bridgeway Capital Management LLC's holdings in Intel were worth $18,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter worth $29,000. Finally, West Financial Advisors LLC bought a new position in Intel during the fourth quarter valued at $31,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company cut their target price 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. StockNews.com raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and an average price target of $22.23.

Intel Trading Down 1.7 %

Intel stock opened at $20.27 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $88.42 billion, a PE ratio of -4.63 and a beta of 1.15. The stock has a 50-day moving average of $21.41 and a two-hundred day moving average of $21.75. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 EPS. Intel's revenue was down .4% on a year-over-year basis. On average, research analysts anticipate 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.

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