271,500 Shares in Intel Co. (NASDAQ:INTC) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 271,500 shares of the chip maker's stock, valued at approximately $5,444,000.

Other hedge funds have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter worth about $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel in the 4th quarter worth about $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 2.3 %

INTC opened at $20.51 on Tuesday. The business has a 50 day moving average price of $21.82 and a 200 day moving average price of $21.83. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. 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 firm has a market cap of $89.44 billion, a P/E ratio of -4.68 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the company earned $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. Research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the topic of a number of analyst reports. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. lowered 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. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.

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