Mizuho Securities USA LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 408,775 shares of the chip maker's stock after acquiring an additional 132,083 shares during the quarter. Mizuho Securities USA LLC's holdings in Intel were worth $8,196,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in 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. Intech Investment Management LLC lifted its holdings in shares of Intel by 26.6% in the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker's stock worth $4,341,000 after buying an additional 38,916 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Intel by 95.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker's stock worth $612,000 after acquiring an additional 12,711 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Intel by 12.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,095,962 shares of the chip maker's stock valued at $189,931,000 after acquiring an additional 910,345 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Intel by 5.2% in the 3rd quarter. Pacer Advisors Inc. now owns 603,456 shares of the chip maker's stock worth $14,157,000 after purchasing an additional 29,652 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Stock Down 0.2 %
NASDAQ INTC traded down $0.05 during midday trading on Monday, hitting $24.21. 48,272,185 shares of the company traded hands, compared to its average volume of 72,013,618. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company's 50-day simple moving average is $21.95 and its 200-day simple moving average is $22.01. The company has a market cap of $104.82 billion, a PE ratio of -5.53 and a beta of 1.02. 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 (NASDAQ:INTC - Get Free Report) last issued 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 research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. UBS Group reduced their target price on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Finally, Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $27.04.
Read Our Latest Research Report on Intel
Intel 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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