Teza Capital Management LLC Invests $2.05 Million in Intel Co. (NASDAQ:INTC)

Teza Capital Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 102,337 shares of the chip maker's stock, valued at approximately $2,052,000.

A number of other large investors also recently bought and sold shares of the business. Empirical Asset Management LLC acquired a new stake in shares of Intel in the 4th quarter worth $276,000. Freestone Grove Partners LP acquired a new stake in Intel during the fourth quarter worth about $62,654,000. Rheos Capital Works Inc. raised its stake in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after purchasing an additional 30,000 shares during the period. Clifford Swan Investment Counsel LLC boosted its holdings in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after purchasing an additional 15,214 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 0.5%

Shares of NASDAQ:INTC traded down $0.11 during trading hours on Tuesday, reaching $21.27. The stock had a trading volume of 48,305,895 shares, compared to its average volume of 80,660,326. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm's 50 day moving average is $21.41 and its 200-day moving average is $21.66. The stock has a market capitalization of $92.78 billion, a price-to-earnings ratio of -4.86 and a beta of 1.15. 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 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm 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 quarter in the prior year, the company posted $0.18 earnings per share. Research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Mizuho cut their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. StockNews.com upgraded shares of Intel from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Wedbush dropped their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $21.67.

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.