PKO Investment Management Joint Stock Co Purchases Shares of 93,000 Intel Co. (NASDAQ:INTC)

PKO Investment Management Joint Stock Co bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 93,000 shares of the chip maker's stock, valued at approximately $1,865,000.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the fourth quarter valued at approximately $29,000. Finally, Conquis Financial LLC acquired a new position in Intel during the fourth quarter valued at approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 0.6%

Shares of INTC traded down $0.12 during trading hours on Thursday, reaching $20.25. The company's stock had a trading volume of 66,351,607 shares, compared to its average volume of 81,110,182. The firm has a market cap of $88.33 billion, a price-to-earnings ratio of -4.62 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year 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 company has a 50 day moving average of $20.85 and a two-hundred day moving average of $21.51.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wedbush reduced their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. UBS Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Six equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.57.

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.