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

Edgestream Partners L.P. lifted its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 145.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 235,261 shares of the chip maker's stock after purchasing an additional 139,586 shares during the quarter. Edgestream Partners L.P.'s holdings in Intel were worth $4,717,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its stake in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. increased its holdings in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $276,000. Finally, Swiss National Bank raised its stake in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.8 %

NASDAQ INTC traded down $0.15 on Tuesday, hitting $19.78. The company's stock had a trading volume of 80,551,240 shares, compared to its average volume of 98,799,922. The company's 50-day moving average is $21.30 and its 200 day moving average is $21.81. The firm has a market cap of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Bank of America restated an "underperform" rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $26.88.

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.