Quantbot Technologies LP lifted its stake in Intel Co. (NASDAQ:INTC - Free Report) by 763.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,991 shares of the chip maker's stock after purchasing an additional 1,198,037 shares during the period. Intel accounts for approximately 1.0% of Quantbot Technologies LP's holdings, making the stock its largest position. Quantbot Technologies LP's holdings in Intel were worth $27,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Geode Capital Management LLC increased its stake in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC boosted its holdings 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 last quarter. Principal Financial Group Inc. boosted its holdings 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 purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Intel during the 4th quarter valued at about $276,000. Finally, Swiss National Bank boosted its holdings in shares of Intel by 0.3% during 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 last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Performance
Shares of NASDAQ:INTC opened at $20.68 on Thursday. The company has a market capitalization of $89.54 billion, a price-to-earnings ratio of -4.72 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week 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. The firm has a 50 day moving average of $21.31 and a 200 day moving average of $21.80.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
INTC has been the subject of several research reports. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $26.88.
Check Out Our Latest Analysis on Intel
About Intel
(
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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