Schonfeld Strategic Advisors LLC Has $30.67 Million Position in Intel Co. (NASDAQ:INTC)

Schonfeld Strategic Advisors LLC increased its stake in Intel Co. (NASDAQ:INTC - Free Report) by 2,137.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,631 shares of the chip maker's stock after purchasing an additional 1,461,255 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Intel were worth $30,669,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Intel during the 4th quarter valued at $1,246,569,000. Assenagon Asset Management S.A. raised its position in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares during the last quarter. Northern Trust Corp raised its position in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Intel during the 4th quarter valued at $93,393,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock traded down $0.24 on Wednesday, hitting $20.10. 67,694,791 shares of the company's stock were exchanged, compared to its average volume of 79,555,536. The company has a 50 day moving average of $21.61 and a 200 day moving average of $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. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a market cap of $87.65 billion, a P/E ratio of -4.59 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last issued 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 firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue for the quarter 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 predict that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on INTC. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Five equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.23.

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.