Ieq Capital LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Ieq Capital LLC lifted its stake in Intel Co. (NASDAQ:INTC - Free Report) by 251.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,256 shares of the chip maker's stock after buying an additional 294,255 shares during the quarter. Ieq Capital LLC's holdings in Intel were worth $8,246,000 as of its most recent filing with the Securities & Exchange Commission.

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

Intel Trading Down 4.7 %

INTC stock traded down $1.23 during midday trading on Friday, reaching $24.87. The company's stock had a trading volume of 111,281,705 shares, compared to its average volume of 98,030,531. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a market capitalization of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. The stock has a fifty day simple moving average of $20.75 and a two-hundred day simple moving average of $21.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted 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%. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Five 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $26.88.

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.