240,204 Shares in Intel Co. (NASDAQ:INTC) Acquired by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. acquired a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 240,204 shares of the chip maker's stock, valued at approximately $4,816,000. Intel accounts for about 1.4% of Van Den Berg Management I Inc.'s holdings, making the stock its 29th biggest position.

Several other large investors also recently made changes to their positions in the business. Relyea Zuckerberg Hanson LLC raised its position 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 period. Principal Financial Group Inc. raised its holdings in shares of 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 acquired a new position in Intel during the 4th quarter worth approximately $276,000. InvesTrust purchased a new position in Intel in the 4th quarter worth approximately $3,696,000. Finally, Rheos Capital Works Inc. grew its position in Intel by 12.1% in 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 in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 5.4 %

INTC opened at $20.57 on Thursday. 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's 50 day moving average price is $22.11 and its 200 day moving average price is $21.90. The stock has a market cap of $89.69 billion, a P/E ratio of -4.70 and a beta of 1.13.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, Sanford C. Bernstein reduced their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $23.43.

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.

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