Compass Rose Asset Management LP Buys 300,000 Shares of Intel Co. (NASDAQ:INTC)

Compass Rose Asset Management LP boosted its stake in Intel Co. (NASDAQ:INTC - Free Report) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 800,000 shares of the chip maker's stock after acquiring an additional 300,000 shares during the period. Intel accounts for 6.5% of Compass Rose Asset Management LP's investment portfolio, making the stock its 7th largest holding. Compass Rose Asset Management LP's holdings in Intel were worth $16,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC grew its holdings in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after acquiring an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its stake in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new position in shares of Intel during the 4th quarter worth approximately $276,000. Freestone Grove Partners LP acquired a new stake in shares of Intel during the 4th quarter worth approximately $62,654,000. Finally, InvesTrust bought a new position in Intel in the fourth quarter worth approximately $3,696,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of several recent research reports. Morgan Stanley dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a report on Wednesday, April 30th. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Rosenblatt Securities cut their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Finally, Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.23.

Intel Stock Down 1.6 %

INTC opened at $19.94 on Wednesday. Intel Co. has a 52 week low of $17.67 and a 52 week 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 business's fifty day simple moving average is $21.35 and its 200 day simple moving average is $21.73. The stock has a market cap of $86.98 billion, a PE ratio of -4.55 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. As a group, research analysts expect that Intel Co. will post -0.11 earnings per share 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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