MASO CAPITAL PARTNERS Ltd acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 61,300 shares of the chip maker's stock, valued at approximately $1,229,000. Intel accounts for approximately 1.6% of MASO CAPITAL PARTNERS Ltd's holdings, making the stock its 9th biggest holding.
A number of other hedge funds also recently bought and sold shares of INTC. Assenagon Asset Management S.A. raised its position in shares of Intel by 264.0% in the 4th 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Intel by 224.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock worth $244,302,000 after purchasing an additional 7,207,785 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after buying an additional 5,417,753 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on INTC shares. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.04.
Get Our Latest Stock Report on Intel
Intel Stock Performance
NASDAQ:INTC traded down $0.91 during trading hours on Friday, reaching $22.71. The company had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The business's 50 day moving average price is $22.33 and its 200-day moving average price is $22.15. The firm has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02.
Intel (NASDAQ:INTC - Get Free Report) last posted its 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel Co. will post -0.11 EPS for the current year.
About Intel
(
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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