Intel Co. (NASDAQ:INTC) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,364,979 shares of the chip maker's stock after purchasing an additional 865,104 shares during the quarter. ProShare Advisors LLC owned 0.15% of Intel worth $127,618,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its stake in Intel by 211.6% in 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 last quarter. Empirical Asset Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $276,000. Freestone Grove Partners LP purchased a new position in shares of Intel in the 4th quarter valued at $62,654,000. Rheos Capital Works Inc. raised its stake in Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its stake in Intel by 1.9% during the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after acquiring an additional 15,214 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. Mizuho cut their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Roth Mkm decreased their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $21.67.

Intel Trading Up 0.5%

Shares of INTC traded up $0.11 during trading hours on Friday, hitting $21.66. The stock had a trading volume of 55,062,379 shares, compared to its average volume of 80,502,901. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a market cap of $94.48 billion, a P/E ratio of -4.95 and a beta of 1.15. 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 company's fifty day simple moving average is $21.40 and its 200 day simple moving average is $21.68.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.