Cantor Fitzgerald L. P. Purchases New Position in Intel Co. (NASDAQ:INTC)

Cantor Fitzgerald L. P. purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,375 shares of the chip maker's stock, valued at approximately $1,170,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. Norges Bank bought a new position in Intel in the fourth quarter valued at $1,246,569,000. Northern Trust Corp increased its stake in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Intel by 9.4% during the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after buying an additional 3,696,377 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC traded up $0.42 during mid-day trading on Wednesday, hitting $20.36. 57,542,175 shares of the company's stock were exchanged, compared to its average volume of 79,809,092. 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 cap of $88.83 billion, a price-to-earnings ratio of -4.65 and a beta of 1.15. The stock's 50-day simple moving average is $21.35 and its 200-day simple moving average is $21.73. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter last year, the business earned $0.18 earnings per share. Intel's revenue was down .4% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" 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 research note on Tuesday, January 21st. Finally, Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.23.

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.