Ontario Teachers Pension Plan Board Buys New Position in Intel Co. (NASDAQ:INTC)

Ontario Teachers Pension Plan Board purchased a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 44,744 shares of the chip maker's stock, valued at approximately $897,000.

Other large investors have also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC raised its stake in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after buying an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its stake in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC bought a new position in Intel in the 4th quarter worth about $276,000. InvesTrust bought a new position in shares of Intel in the fourth quarter worth approximately $3,696,000. Finally, Rheos Capital Works Inc. lifted its position in Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. UBS Group decreased their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.38.

Intel Stock Down 1.6 %

Shares of NASDAQ:INTC traded down $0.30 during trading on Friday, reaching $18.93. 85,400,923 shares of the stock were exchanged, compared to its average volume of 78,609,595. The firm has a market cap of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. The stock has a fifty day moving average of $22.34 and a two-hundred day moving average of $21.96. 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 Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Profile

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.