Hudson Edge Investment Partners Inc. Buys 30,497 Shares of Intel Co. (NASDAQ:INTC)

Hudson Edge Investment Partners Inc. raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,035 shares of the chip maker's stock after acquiring an additional 30,497 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Intel were worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at $29,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at $31,000. Finally, Groupama Asset Managment grew its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on INTC shares. Citigroup cut their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus price target of $26.88.

Intel Stock Down 4.7 %

INTC stock traded down $1.23 on Friday, reaching $24.87. 111,281,705 shares of the company traded hands, compared to its average volume of 114,188,720. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a fifty day simple moving average of $20.84 and a 200-day simple moving average of $21.65. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a market cap of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.