Man Group plc Has $26.86 Million Stake in Intel Co. (NASDAQ:INTC)

Man Group plc boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 308.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,339,615 shares of the chip maker’s stock after buying an additional 1,011,972 shares during the quarter. Man Group plc’s holdings in Intel were worth $26,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter worth about $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter worth about $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter worth about $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on INTC. JPMorgan Chase & Co. lowered their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, April 25th. Rosenblatt Securities lowered their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Mizuho lowered their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Intel Stock Performance

Shares of Intel stock opened at $21.55 on Friday. The company has a market cap of $94.00 billion, a PE ratio of -4.92 and a beta of 1.15. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The business has a 50 day moving average price of $21.36 and a 200-day moving average price of $21.69. 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 (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The company 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%. Intel’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal 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.