Johnson Financial Group Inc. Buys 21,014 Shares of Intel Co. (NASDAQ:INTC)

Johnson Financial Group Inc. lifted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 156.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,487 shares of the chip maker's stock after buying an additional 21,014 shares during the period. Johnson Financial Group Inc.'s holdings in Intel were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC raised its position in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. raised its position in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $276,000. InvesTrust acquired a new stake in Intel in the 4th quarter valued at approximately $3,696,000. Finally, Rheos Capital Works Inc. raised its position in Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after buying an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.23.

Intel Stock Down 0.8 %

INTC stock traded down $0.17 during midday trading on Tuesday, reaching $20.34. 61,931,181 shares of the company's stock traded hands, compared to its average volume of 79,571,745. The company has a market cap of $88.69 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. The firm's fifty day moving average price is $21.82 and its 200-day moving average price is $21.83. 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 Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. As a group, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal 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.