Harbor Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 222.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,000 shares of the chip maker's stock after purchasing an additional 20,000 shares during the period. Harbor Advisors LLC's holdings in Intel were worth $581,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new stake in Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in 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 during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on INTC. JPMorgan Chase & Co. reduced their price target on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Finally, HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.04.
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Intel Stock Performance
NASDAQ:INTC traded down $0.05 on Monday, hitting $24.21. The stock had a trading volume of 53,028,613 shares, compared to its average volume of 72,087,775. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The stock has a market cap of $104.84 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business's 50-day simple moving average is $21.95 and its two-hundred day simple moving average is $22.01.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Intel Profile
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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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