MetLife Investment Management LLC Acquires 31,231 Shares of Intel Co. (NASDAQ:INTC)

MetLife Investment Management LLC raised its stake in Intel Co. (NASDAQ:INTC - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,140,688 shares of the chip maker's stock after acquiring an additional 31,231 shares during the quarter. MetLife Investment Management LLC's holdings in Intel were worth $22,871,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Morse Asset Management Inc acquired a new position in Intel in the 3rd quarter worth about $354,000. Advisory Resource Group raised its holdings in Intel by 6.7% in the 3rd quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock valued at $389,000 after buying an additional 1,034 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in Intel by 7.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock worth $213,000 after acquiring an additional 615 shares during the last quarter. World Investment Advisors LLC increased its position in Intel by 59.6% in the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock valued at $1,009,000 after acquiring an additional 16,046 shares during the period. Finally, Denver PWM LLC lifted its holdings in shares of Intel by 752.1% during the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock worth $620,000 after purchasing an additional 23,324 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on INTC. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a report 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's stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $25.38.

Intel Stock Down 1.6 %

INTC opened at $18.93 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $82.55 billion, a P/E ratio of -4.32 and a beta of 1.13. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company's 50-day moving average is $22.34 and its 200 day moving average is $21.96.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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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