Quinn Opportunity Partners LLC Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

Quinn Opportunity Partners LLC increased its position in Intel Co. (NASDAQ:INTC - Free Report) by 227.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,000 shares of the chip maker's stock after purchasing an additional 125,000 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Intel were worth $3,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares during the period. CFM Wealth Partners LLC lifted its stake in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC grew its position in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after acquiring an additional 508 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its stake in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock worth $314,000 after purchasing an additional 550 shares during the period. Institutional investors own 64.53% of the company's stock.

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Intel Stock Performance

Shares of Intel stock traded down $0.14 on Friday, reaching $19.74. 128,212,455 shares of the stock were exchanged, compared to its average volume of 77,904,435. The business has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $22.09. The firm has a market capitalization of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced 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%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Barclays reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $25.58.

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.