Magnetar Financial LLC Acquires Shares of 102,614 Intel Co. (NASDAQ:INTC)

Magnetar Financial LLC acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 102,614 shares of the chip maker's stock, valued at approximately $2,057,000.

Other large investors also recently modified their holdings of the company. 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 worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new position in Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter valued at $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Cantor Fitzgerald increased their price objective 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. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Four 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $27.04.

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Intel Stock Down 0.2 %

Intel stock traded down $0.04 during midday trading on Monday, reaching $24.22. The stock had a trading volume of 68,936,310 shares, compared to its average volume of 72,089,852. The company has a fifty day moving average price of $21.95 and a two-hundred day moving average price of $22.01. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $104.87 billion, a P/E ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last released 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%. As a group, equities analysts expect that Intel Co. will post -0.11 EPS 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.