AXQ Capital LP Takes Position in Intel Co. (NASDAQ:INTC)

AXQ Capital LP acquired a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 39,648 shares of the chip maker's stock, valued at approximately $795,000.

A number of other hedge funds also recently bought and sold shares of INTC. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter valued at $29,000. Finally, Quest Partners LLC boosted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC traded up $0.23 during trading on Tuesday, reaching $24.45. The stock had a trading volume of 11,157,293 shares, compared to its average volume of 72,076,659. The stock has a market capitalization of $105.88 billion, a PE ratio of -5.60 and a beta of 1.02. 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 52 week low of $18.51 and a 52 week high of $45.41. The business's 50-day moving average price is $22.05 and its 200 day moving average price is $22.04.

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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, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.04.

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.