Canada Pension Plan Investment Board boosted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 326.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,493,306 shares of the chip maker's stock after purchasing an additional 3,440,628 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.10% of Intel worth $90,091,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
INTC has been the topic of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Monday, April 14th. UBS Group decreased their price target on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company lowered 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. Finally, Susquehanna cut 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. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $25.38.
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Intel Trading Down 1.6 %
INTC stock traded down $0.30 during midday trading on Friday, reaching $18.93. 85,400,923 shares of the company's stock traded hands, compared to its average volume of 78,688,066. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The business has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $21.96. The company has a market capitalization of $82.55 billion, a P/E ratio of -4.32 and a beta of 1.13. 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 (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 the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Profile
(
Free Report)
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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