Mediolanum International Funds Ltd increased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 88.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,544 shares of the chip maker's stock after purchasing an additional 38,738 shares during the period. Mediolanum International Funds Ltd's holdings in Intel were worth $1,632,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Finley Financial LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $25,000. Quest Partners LLC raised its position in 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 buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in Intel during the 4th quarter worth $31,000. Groupama Asset Managment lifted its stake in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc acquired a new position in shares of Intel during the fourth quarter worth about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Trading Down 0.5 %
INTC traded down $0.09 during midday trading on Tuesday, hitting $19.29. The company's stock had a trading volume of 53,716,660 shares, compared to its average volume of 72,534,953. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The firm has a 50-day moving average price of $20.67 and a two-hundred day moving average price of $22.23. 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 firm has a market cap of $83.20 billion, a P/E ratio of -4.40, a PEG ratio of 9.49 and a beta of 1.08.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.
Wall Street Analysts Forecast Growth
INTC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday. Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday. Finally, Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $26.60.
Read Our Latest Research Report on Intel
Insider Buying and Selling
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.04% of the company's stock.
Intel Company 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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