Intel Co. (NASDAQ:INTC) Shares Bought by Man Group plc

Man Group plc boosted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 308.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,339,615 shares of the chip maker's stock after purchasing an additional 1,011,972 shares during the quarter. Man Group plc's holdings in Intel were worth $26,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INTC. Finley Financial LLC acquired a new stake in Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new position in Intel in the 4th quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 0.5%

Shares of INTC stock traded up $0.11 during trading hours on Friday, hitting $21.66. The company had a trading volume of 55,062,379 shares, compared to its average volume of 80,659,741. 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 stock has a market capitalization of $94.48 billion, a PE ratio of -4.95 and a beta of 1.15. The company's fifty day moving average is $21.40 and its 200 day moving average is $21.68. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of several recent research reports. StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Susquehanna lowered their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research report 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 given a buy rating to the stock. Based on data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus price target of $21.67.

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.