Barnett & Company Inc. Takes $400,000 Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Barnett & Company Inc. invested $400,000 in Intel Corporation by acquiring 17,615 shares during the first quarter.
• Various institutional investors, including Vanguard Group Inc. and UBS AM, have recently increased their stakes in Intel, with 64.53% of the stock now owned by institutional investors.
• Intel's analysts have mixed views, with a consensus rating of "Hold" and an average price target of $22.17, despite recent earnings results missing consensus estimates.

Barnett & Company Inc. acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,615 shares of the chip maker's stock, valued at approximately $400,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares during the period. Northern Trust Corp lifted its stake in shares of Intel by 15.5% during 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock worth $991,316,000 after purchasing an additional 562,246 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Intel by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock valued at $795,431,000 after buying an additional 1,086,836 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Up 5.6%

Shares of INTC traded up $1.16 during trading on Tuesday, reaching $21.81. The company's stock had a trading volume of 131,809,121 shares, compared to its average volume of 94,335,758. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a fifty day moving average of $21.58 and a two-hundred day moving average of $21.48. The company has a market cap of $95.46 billion, a price-to-earnings ratio of -4.57 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The company's revenue was up .5% on a year-over-year basis. On average, sell-side analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a "sell" rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Cantor Fitzgerald dropped their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Barclays reaffirmed 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-three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $22.17.

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.