Oxford Asset Management LLP Purchases 15,176 Shares of Intel Co. (NASDAQ:INTC)

Oxford Asset Management LLP boosted its position in Intel Co. (NASDAQ:INTC) by 170.2% during the fourth quarter, HoldingsChannel reports. The fund owned 24,091 shares of the chip maker’s stock after buying an additional 15,176 shares during the quarter. Oxford Asset Management LLP’s holdings in Intel were worth $483,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ INTC opened at $20.05 on Friday. The firm has a market cap of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13. The company has a 50-day simple moving average of $21.92 and a two-hundred day simple moving average of $21.86. 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 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the company earned $0.18 EPS. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday. Morgan Stanley decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho lowered their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.23.

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.