Becker Capital Management Inc. Raises Stake in Intel Co. (NASDAQ:INTC)

Becker Capital Management Inc. lifted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 34.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 912,934 shares of the chip maker's stock after buying an additional 232,039 shares during the period. Becker Capital Management Inc.'s holdings in Intel were worth $18,304,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in INTC. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter valued at $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research note on Wednesday. StockNews.com upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.23.

Intel Stock Down 0.6 %

Intel stock traded down $0.12 during trading hours on Thursday, reaching $19.98. The stock had a trading volume of 72,290,343 shares, compared to its average volume of 79,603,295. The company has a market cap of $87.12 billion, a price-to-earnings ratio of -4.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business's 50 day moving average price is $21.52 and its 200-day moving average price is $21.79. 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 posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts anticipate 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.