Tower Research Capital LLC TRC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Tower Research Capital LLC TRC increased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 23.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,920 shares of the chip maker's stock after purchasing an additional 84,248 shares during the quarter. Tower Research Capital LLC TRC's holdings in Intel were worth $9,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in Intel during the third quarter worth $354,000. Advisory Resource Group boosted its position 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 period. SOA Wealth Advisors LLC. increased its position in shares of Intel by 7.3% during the third 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 period. World Investment Advisors LLC grew its stake in Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock worth $1,009,000 after purchasing an additional 16,046 shares in the last quarter. Finally, Denver PWM LLC raised its position in Intel by 752.1% in the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock valued at $620,000 after purchasing an additional 23,324 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Up 3.7 %

Shares of INTC traded up $0.76 on Thursday, hitting $21.35. 58,218,759 shares of the stock traded hands, compared to its average volume of 78,968,830. The firm has a market capitalization of $93.09 billion, a P/E ratio of -4.88 and a beta of 1.13. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The stock's 50 day moving average is $22.11 and its two-hundred day moving average is $21.90.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday. Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday. UBS Group dropped their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.43.

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.