62,472 Shares in Intel Co. (NASDAQ:INTC) Bought by Nebula Research & Development LLC

Nebula Research & Development LLC purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 62,472 shares of the chip maker's stock, valued at approximately $1,253,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Relyea Zuckerberg Hanson LLC raised its position in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. raised its holdings in Intel by 4.4% during the 3rd 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 during the period. Empirical Asset Management LLC bought a new stake in Intel in the fourth quarter worth $276,000. InvesTrust purchased a new position in Intel during the fourth quarter worth $3,696,000. Finally, Rheos Capital Works Inc. increased its position in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on INTC. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Sanford C. Bernstein dropped their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Mizuho reduced their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $22.23.

Intel Stock Performance

INTC traded up $0.16 on Thursday, reaching $20.26. 43,840,007 shares of the stock were exchanged, compared to its average volume of 79,419,287. The company's 50-day moving average price is $21.61 and its 200 day moving average price is $21.81. 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 firm has a market capitalization of $88.32 billion, a PE ratio of -4.63 and a beta of 1.13. 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 posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel 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.