CANADA LIFE ASSURANCE Co Buys 202,695 Shares of Intel Co. (NASDAQ:INTC)

CANADA LIFE ASSURANCE Co raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,308,299 shares of the chip maker's stock after buying an additional 202,695 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of Intel worth $86,381,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in Intel by 326.8% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,493,306 shares of the chip maker's stock valued at $90,091,000 after purchasing an additional 3,440,628 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the last quarter. Acorns Advisers LLC raised its holdings in Intel by 56.4% in the fourth quarter. Acorns Advisers LLC now owns 20,915 shares of the chip maker's stock worth $419,000 after purchasing an additional 7,545 shares during the period. Jump Financial LLC boosted its position in shares of Intel by 313.3% during the fourth quarter. Jump Financial LLC now owns 1,282,761 shares of the chip maker's stock worth $25,719,000 after purchasing an additional 972,360 shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new position in shares of Intel in the 4th quarter valued at $525,000. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. UBS Group reduced their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Citigroup lowered 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. Finally, Barclays cut their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.38.

Intel Trading Down 1.6 %

Shares of Intel stock traded down $0.30 during midday trading on Friday, reaching $18.93. The company had a trading volume of 85,400,923 shares, compared to its average volume of 78,688,066. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock has a fifty day moving average price of $22.34 and a 200 day moving average price of $21.96. The firm has a market cap of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13.

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 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 analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

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.