Intel Co. (NASDAQ:INTC) Shares Purchased by Becker Capital Management Inc.

Becker Capital Management Inc. raised its position in Intel Co. (NASDAQ:INTC) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912,934 shares of the chip maker’s stock after acquiring an additional 232,039 shares during the quarter. Becker Capital Management Inc.’s holdings in Intel were worth $18,304,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTC. Relyea Zuckerberg Hanson LLC grew its position in shares of Intel by 211.6% during 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. grew its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC purchased a new position in Intel during the 4th quarter worth $276,000. InvesTrust purchased a new position in Intel during the 4th quarter worth $3,696,000. Finally, Rheos Capital Works Inc. boosted its holdings in shares of Intel by 12.1% in the fourth 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. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, April 25th. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research report on Monday. Mizuho decreased their price target on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Wedbush decreased their target price on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.23.

Intel Trading Down 0.8 %

Shares of NASDAQ INTC opened at $20.34 on Wednesday. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The business’s 50 day moving average is $21.70 and its two-hundred day moving average is $21.82. The stock has a market capitalization of $88.69 billion, a P/E ratio of -4.64 and a beta of 1.13. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. As a group, research analysts expect that Intel Co. will post -0.11 EPS for the current year.

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.