Letko Brosseau & Associates Inc. boosted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,947,200 shares of the chip maker's stock after purchasing an additional 166,475 shares during the quarter. Letko Brosseau & Associates Inc.'s holdings in Intel were worth $39,041,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Intel during the 4th quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. grew its position in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Northern Trust Corp raised its position in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Intel during the fourth quarter worth about $93,393,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Stock Performance
Intel stock opened at $21.44 on Monday. The firm has a fifty day simple moving average of $21.24 and a two-hundred day simple moving average of $21.70. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a market capitalization of $93.52 billion, a PE ratio of -4.89 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 issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The company's revenue was down .4% on a year-over-year basis. Research analysts expect that Intel Co. will post -0.11 EPS for the current year.
Analyst Ratings Changes
Several analysts recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus target price of $22.23.
Read Our Latest Stock Analysis on Intel
About Intel
(
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.
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