GAMMA Investing LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 1,982.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,937 shares of the chip maker's stock after buying an additional 306,476 shares during the period. GAMMA Investing LLC's holdings in Intel were worth $73,110,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in INTC. Mediolanum International Funds Ltd increased its stake in shares of Intel by 88.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker's stock worth $1,632,000 after buying an additional 38,738 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Intel by 3.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 50,827 shares of the chip maker's stock worth $1,010,000 after buying an additional 1,630 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Intel by 4.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 123,133 shares of the chip maker's stock worth $2,469,000 after buying an additional 4,936 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in shares of Intel in the fourth quarter worth $334,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of Intel by 8.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 109,440 shares of the chip maker's stock worth $2,194,000 after buying an additional 8,237 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.
Intel Price Performance
INTC stock traded down $0.04 during trading on Wednesday, hitting $20.25. The company had a trading volume of 71,036,600 shares, compared to its average volume of 81,460,103. The firm has a market capitalization of $88.33 billion, a price-to-earnings ratio of -4.62 and a beta of 1.15. The business has a 50 day moving average of $20.53 and a 200 day moving average of $21.35. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the prior year, the company earned $0.18 EPS. Intel's revenue was down .4% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on INTC shares. Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Susquehanna lowered their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, UBS Group lowered their target price 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. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $21.57.
View Our Latest Stock Report on Intel
Intel 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.
Featured Stories
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
