OFI Invest Asset Management Buys Shares of 13,701 Intel Co. (NASDAQ:INTC)

OFI Invest Asset Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,701 shares of the chip maker's stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Intel by 211.6% during the 4th 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% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Intel in the 4th quarter worth about $276,000. Finally, Swiss National Bank boosted its stake in shares of Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Up 3.5 %

Intel stock traded up $0.70 during midday trading on Wednesday, hitting $20.48. 74,748,913 shares of the company's stock were exchanged, compared to its average volume of 98,262,320. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. 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 has a market cap of $88.68 billion, a PE ratio of -4.68 and a beta of 1.02. The firm has a 50-day moving average of $21.29 and a two-hundred day moving average of $21.81.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $26.88.

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.