Jump Financial LLC Has $25.72 Million Holdings in Intel Co. (NASDAQ:INTC)

Jump Financial LLC increased its position in Intel Co. (NASDAQ:INTC - Free Report) by 313.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,282,761 shares of the chip maker's stock after acquiring an additional 972,360 shares during the quarter. Intel comprises about 0.5% of Jump Financial LLC's investment portfolio, making the stock its 13th biggest position. Jump Financial LLC's holdings in Intel were worth $25,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Intel in the 4th quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. increased its position in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Vanguard Group Inc. raised its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Intel in the 4th quarter valued at $93,393,000. Finally, Invesco Ltd. increased its stake in Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock valued at $863,931,000 after acquiring an additional 3,696,377 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 1.6 %

Shares of NASDAQ INTC traded down $0.30 during midday trading on Friday, reaching $18.93. The company's stock had a trading volume of 85,400,923 shares, compared to its average volume of 78,609,595. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock has a 50 day simple moving average of $22.34 and a 200-day simple moving average of $21.96. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted 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 return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $25.38.

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.