Edgestream Partners L.P. Acquires 139,586 Shares of Intel Co. (NASDAQ:INTC)

Edgestream Partners L.P. boosted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 145.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,261 shares of the chip maker's stock after purchasing an additional 139,586 shares during the period. Edgestream Partners L.P.'s holdings in Intel were worth $4,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new position in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.88.

Remove Ads

Intel Stock Down 0.5 %

INTC stock traded down $0.11 during mid-day trading on Friday, reaching $20.64. The company had a trading volume of 80,961,008 shares, compared to its average volume of 99,575,508. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company has a market capitalization of $89.37 billion, a price-to-earnings ratio of -4.71 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. The stock has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $21.81.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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 predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.