BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 15.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 818,868 shares of the chip maker's stock after acquiring an additional 108,581 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Intel were worth $16,418,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in INTC. Norges Bank bought a new stake in Intel during the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP bought a new position in shares of Intel during the 4th quarter valued at about $289,752,000. Two Sigma Investments LP purchased a new position in shares of Intel during the 4th quarter valued at about $237,457,000. Toronto Dominion Bank lifted its position in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the last quarter. 64.53% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered 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. Sanford C. Bernstein cut their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded Intel to a "strong sell" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $21.57.
Read Our Latest Report on Intel
Intel Stock Performance
Shares of INTC opened at $20.69 on Thursday. The company has a 50-day simple moving average of $21.29 and a two-hundred day simple moving average of $21.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $90.25 billion, a PE ratio of -4.72 and a beta of 1.15. 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 released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Company Profile
(
Free Report)
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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