Maple Rock Capital Partners Inc. increased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 305.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 909,670 shares of the chip maker's stock after purchasing an additional 685,170 shares during the quarter. Intel makes up approximately 0.5% of Maple Rock Capital Partners Inc.'s investment portfolio, making the stock its 25th largest position. Maple Rock Capital Partners Inc.'s holdings in Intel were worth $18,239,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in Intel in the third quarter valued at about $354,000. World Investment Advisors LLC lifted its stake in Intel by 59.6% during the third quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock worth $1,009,000 after purchasing an additional 16,046 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Intel by 0.8% during the third quarter. Retirement Systems of Alabama now owns 946,906 shares of the chip maker's stock worth $22,214,000 after buying an additional 7,857 shares during the period. Principal Financial Group Inc. grew its stake in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Finally, Cacti Asset Management LLC lifted its stake in Intel by 6.0% during the 4th quarter. Cacti Asset Management LLC now owns 123,100 shares of the chip maker's stock worth $2,440,000 after acquiring an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Price Performance
Intel stock traded down $0.32 during midday trading on Monday, reaching $20.30. The company's stock had a trading volume of 33,159,140 shares, compared to its average volume of 79,667,670. The firm has a market capitalization of $88.55 billion, a PE ratio of -4.63 and a beta of 1.15. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock's 50 day simple moving average is $21.47 and its 200 day simple moving average is $21.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Morgan Stanley dropped 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 report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Six research 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 company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $22.23.
View Our Latest Research Report on Intel
About Intel
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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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