Intech Investment Management LLC Boosts Stock Position in Intel Co. (NASDAQ:INTC)

Intech Investment Management LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 18.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,293 shares of the chip maker’s stock after purchasing an additional 34,244 shares during the quarter. Intech Investment Management LLC’s holdings in Intel were worth $4,397,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new stake in Intel during the 4th quarter valued at about $5,098,000. Horizon Investments LLC lifted its holdings in shares of Intel by 74.2% in the 4th quarter. Horizon Investments LLC now owns 165,976 shares of the chip maker’s stock valued at $3,328,000 after buying an additional 70,710 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Intel by 0.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker’s stock valued at $4,356,000 after buying an additional 743 shares during the period. Mystic Asset Management Inc. lifted its holdings in shares of Intel by 91.4% in the 4th quarter. Mystic Asset Management Inc. now owns 56,128 shares of the chip maker’s stock valued at $1,125,000 after buying an additional 26,800 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $25.92 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50 day simple moving average of $21.68 and a 200-day simple moving average of $21.93. The firm has a market capitalization of $112.23 billion, a PE ratio of -5.92 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on INTC. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $27.04.

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.