Virtu Financial LLC Invests $7.92 Million in Intel Co. (NASDAQ:INTC)

Virtu Financial LLC purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 395,232 shares of the chip maker's stock, valued at approximately $7,924,000. Intel makes up approximately 0.4% of Virtu Financial LLC's portfolio, making the stock its 29th biggest holding.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp increased its stake in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock valued at $680,472,000 after acquiring an additional 2,248,342 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Intel by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker's stock worth $613,855,000 after purchasing an additional 86,483 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

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Intel Stock Down 0.2 %

Shares of NASDAQ INTC traded down $0.04 during trading on Monday, hitting $24.22. 68,936,310 shares of the company traded hands, compared to its average volume of 72,076,659. The firm has a market capitalization of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The business's fifty day moving average is $22.05 and its 200 day moving average is $22.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent research reports. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. UBS Group cut their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Four investment 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 stock. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $27.04.

Intel Company 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.