Two Sigma Investments LP Takes Position in Intel Co. (NASDAQ:INTC)

Two Sigma Investments LP purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,843,258 shares of the chip maker's stock, valued at approximately $237,457,000. Intel comprises about 0.5% of Two Sigma Investments LP's holdings, making the stock its 22nd largest holding. Two Sigma Investments LP owned about 0.27% of Intel at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at about $29,000. Finally, Conquis Financial LLC bought a new position in shares of Intel during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTC. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. StockNews.com raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Finally, Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Down 2.7%

Shares of INTC stock traded down $0.58 during trading hours on Wednesday, hitting $20.69. 62,736,907 shares of the company's stock traded hands, compared to its average volume of 80,739,915. The stock's fifty day simple moving average is $21.36 and its two-hundred day simple moving average is $21.66. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of -4.72 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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 net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. The business's revenue was down .4% on a year-over-year basis. On average, analysts expect that Intel Co. will post -0.11 EPS for the current year.

Intel Company 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.