Meridiem Capital Partners LP Makes New $9.08 Million Investment in Intel Co. (NASDAQ:INTC)

Meridiem Capital Partners LP acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 452,943 shares of the chip maker's stock, valued at approximately $9,082,000.

A number of other large investors have also added to or reduced their stakes in the stock. Finley Financial LLC bought a new stake in Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the fourth quarter valued at $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Citigroup reaffirmed a "sell" rating on shares of Intel in a research report on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $21.67.

Intel Stock Performance

NASDAQ INTC traded up $0.03 during trading hours on Thursday, hitting $21.55. The company had a trading volume of 62,640,627 shares, compared to its average volume of 80,470,706. The company has a market cap of $94.00 billion, a PE ratio of -4.92 and a beta of 1.15. The business has a 50 day moving average of $21.33 and a 200-day 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. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. As a group, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

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.