Mesirow Financial Investment Management Inc. grew its position in Intel Co. (NASDAQ:INTC - Free Report) by 62.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,144 shares of the chip maker's stock after buying an additional 29,240 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Intel were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at $29,000. Finally, Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Stock Performance
Shares of NASDAQ:INTC traded down $0.11 on Friday, reaching $20.64. The company's stock had a trading volume of 80,961,008 shares, compared to its average volume of 99,575,508. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The stock has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02. The stock's 50-day moving average is $21.30 and its two-hundred day moving average is $21.81. 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 (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. UBS Group reduced their price target on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $26.88.
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Intel Profile
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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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