Intel Co. (NASDAQ:INTC) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 2,852.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,447,563 shares of the chip maker’s stock after buying an additional 1,398,531 shares during the period. First Manhattan CO. LLC.’s holdings in Intel were worth $29,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel in 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 $20.98 on Friday. The firm has a market capitalization of $91.49 billion, a PE ratio of -4.79 and a beta of 1.15. 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’s fifty day moving average price is $21.24 and its 200 day moving average price is $21.71. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INTC shares. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Rosenblatt Securities lowered their price objective on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Cantor Fitzgerald lowered their price target on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price 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.