Tidal Investments LLC Buys 123,508 Shares of Intel Co. (NASDAQ:INTC)

Tidal Investments LLC increased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,406 shares of the chip maker's stock after acquiring an additional 123,508 shares during the period. Tidal Investments LLC's holdings in Intel were worth $7,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC grew its stake in shares of Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares in the last quarter. CFM Wealth Partners LLC grew its position in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after buying an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC increased its holdings in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after buying an additional 508 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INTC shares. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Wedbush dropped their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Finally, Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $21.57.

Intel Stock Down 0.7%

Shares of Intel stock traded down $0.14 on Thursday, hitting $20.55. 55,872,909 shares of the company traded hands, compared to its average volume of 80,641,420. Intel Co. has a 12-month low of $17.67 and a 12-month 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 market cap of $89.64 billion, a PE ratio of -4.69 and a beta of 1.15. The company has a 50-day moving average price of $21.29 and a 200 day moving average price of $21.66.

Intel (NASDAQ:INTC - Get Free Report) last issued 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. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

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.