Rheos Capital Works Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,000 shares of the chip maker's stock after purchasing an additional 30,000 shares during the quarter. Rheos Capital Works Inc.'s holdings in Intel were worth $5,554,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the third 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 in the last quarter. Finley Financial LLC acquired a new position in Intel in the 4th quarter valued at about $25,000. FSA Wealth Management LLC purchased a new stake in Intel during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Intel during the third quarter worth about $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Performance
Intel stock traded down $0.09 during midday trading on Tuesday, hitting $19.29. 53,716,660 shares of the company's stock were exchanged, compared to its average volume of 72,534,953. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The stock has a market cap of $83.20 billion, a price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The firm's 50 day simple moving average is $20.67 and its 200 day simple moving average is $22.23. 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 released 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%. Equities research analysts predict that Intel Co. will post 0.19 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on INTC. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $26.60.
Get Our Latest Research Report on Intel
Insider Activity at Intel
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is owned by insiders.
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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