Invenomic Capital Management LP raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 79.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 413,151 shares of the chip maker's stock after buying an additional 183,216 shares during the quarter. Invenomic Capital Management LP's holdings in Intel were worth $8,284,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at approximately $1,246,569,000. Assenagon Asset Management S.A. boosted its position in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares in the last quarter. Northern Trust Corp grew its stake in shares of 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 purchasing an additional 6,157,853 shares during the period. Vanguard Group Inc. increased its holdings in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $93,393,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
INTC has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six equities 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's stock. According to MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $22.23.
Read Our Latest Stock Report on INTC
Intel Stock Up 2.1 %
Shares of NASDAQ:INTC opened at $21.44 on Friday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The stock has a 50-day simple moving average of $21.24 and a 200-day simple moving average of $21.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
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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