NEOS Investment Management LLC Acquires 113,812 Shares of Intel Co. (NASDAQ:INTC)

NEOS Investment Management LLC increased its position in Intel Co. (NASDAQ:INTC - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 557,546 shares of the chip maker's stock after acquiring an additional 113,812 shares during the period. NEOS Investment Management LLC's holdings in Intel were worth $11,179,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UniSuper Management Pty Ltd boosted its position in shares of Intel by 8.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 823,763 shares of the chip maker's stock worth $16,516,000 after purchasing an additional 61,454 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Intel by 7.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,109,033 shares of the chip maker's stock worth $146,162,000 after buying an additional 463,500 shares during the period. MASO CAPITAL PARTNERS Ltd purchased a new stake in Intel in the 4th quarter worth $1,229,000. Graney & King LLC bought a new stake in Intel during the fourth quarter valued at about $86,000. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on INTC. Barclays cut their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target of $27.04.

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Intel Trading Down 3.9 %

INTC traded down $0.91 during trading hours on Friday, reaching $22.71. 58,184,763 shares of the company's stock traded hands, compared to its average volume of 74,652,140. The firm has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $22.33 and a 200 day moving average price of $22.15.

Intel (NASDAQ:INTC - Get Free Report) last posted 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%. As a group, sell-side analysts predict that Intel Co. will post -0.11 EPS 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.