Two Sigma Advisers LP Invests $289.75 Million in Intel Co. (NASDAQ:INTC)

Two Sigma Advisers LP purchased a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,451,450 shares of the chip maker's stock, valued at approximately $289,752,000. Two Sigma Advisers LP owned approximately 0.33% of Intel as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of INTC. Two Sigma Investments LP bought a new stake in Intel during the 4th quarter worth $237,457,000. Tidal Investments LLC grew its position in Intel by 54.0% during the 4th quarter. Tidal Investments LLC now owns 352,406 shares of the chip maker's stock worth $7,066,000 after acquiring an additional 123,508 shares during the last quarter. Teza Capital Management LLC bought a new stake in Intel during the 4th quarter worth $2,052,000. True Wealth Design LLC grew its position in Intel by 3,296.4% during the 4th quarter. True Wealth Design LLC now owns 2,853 shares of the chip maker's stock worth $57,000 after acquiring an additional 2,769 shares during the last quarter. Finally, Tang Capital Management LLC grew its position in Intel by 53.1% during the 4th quarter. Tang Capital Management LLC now owns 55,997 shares of the chip maker's stock worth $1,123,000 after acquiring an additional 19,425 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTC. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Sanford C. Bernstein reduced their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research note on Wednesday. They issued a "hold" rating and a $23.00 price objective on the stock. Six investment 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 stock. According to MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Stock Performance

Shares of INTC stock traded down $0.58 during trading on Wednesday, hitting $20.69. The company's stock had a trading volume of 62,736,907 shares, compared to its average volume of 80,739,915. The company has a market cap of $90.25 billion, a PE ratio of -4.72 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $21.36 and a 200-day moving average of $21.66. Intel Co. has a 52 week low of $17.67 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the company posted $0.18 earnings per share. Intel's quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.