Meeder Asset Management Inc. reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 94.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,715 shares of the chip maker's stock after selling 31,381 shares during the period. Meeder Asset Management Inc.'s holdings in Intel were worth $34,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Atom Investors LP purchased a new stake in Intel during the third quarter worth about $624,000. Benjamin Edwards Inc. boosted its stake in shares of Intel by 35,983.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker's stock worth $770,000 after acquiring an additional 32,745 shares in the last quarter. Investment Management Corp of Ontario grew its holdings in shares of Intel by 49.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 141,299 shares of the chip maker's stock worth $3,315,000 after acquiring an additional 46,500 shares during the period. IHT Wealth Management LLC increased its stake in Intel by 12.1% in the 3rd quarter. IHT Wealth Management LLC now owns 189,839 shares of the chip maker's stock valued at $4,403,000 after purchasing an additional 20,453 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Intel during the third quarter worth $354,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Trading Up 2.0 %
INTC traded up $0.45 on Thursday, reaching $22.43. 242,113,573 shares of the company's stock were exchanged, compared to its average volume of 75,484,449. Intel Co. has a twelve month low of $18.51 and a twelve month high of $40.78. The company's 50 day moving average is $22.36 and its 200-day moving average is $22.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $97.81 billion, a price-to-earnings ratio of -5.12 and a beta of 1.13.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Wells Fargo & Company lowered 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 report on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.04.
Read Our Latest Report on Intel
Intel Company Profile
(
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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