63,239 Shares in Intel Co. (NASDAQ:INTC) Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,239 shares of the chip maker's stock, valued at approximately $1,268,000.

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new stake in shares of Intel in the fourth quarter valued at $490,000. SageView Advisory Group LLC lifted its position in shares of Intel by 72.1% during the fourth quarter. SageView Advisory Group LLC now owns 16,086 shares of the chip maker's stock worth $323,000 after purchasing an additional 6,741 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Intel by 2.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 180,497 shares of the chip maker's stock valued at $3,619,000 after purchasing an additional 4,578 shares during the last quarter. Advisors Capital Management LLC raised its position in Intel by 19.6% in the 4th quarter. Advisors Capital Management LLC now owns 10,894 shares of the chip maker's stock worth $218,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new position in Intel in the 4th quarter valued at $270,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group dropped 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. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $25.38.

Intel Stock Down 1.6 %

Shares of INTC traded down $0.30 on Friday, hitting $18.93. 85,400,923 shares of the stock traded hands, compared to its average volume of 78,465,072. The company has a market capitalization of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. Intel Co. has a one year low of $17.67 and a one year 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 business has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $21.99.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.