Tidal Investments LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

Tidal Investments LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 54.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 352,406 shares of the chip maker’s stock after purchasing an additional 123,508 shares during the period. Tidal Investments LLC’s holdings in Intel were worth $7,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. Norges Bank bought a new position in shares of Intel in the 4th quarter worth about $1,246,569,000. Northern Trust Corp increased its stake in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after acquiring an additional 6,157,853 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Intel by 9.4% in the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after acquiring an additional 3,696,377 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on INTC shares. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Finally, Barclays restated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $21.67.

Intel Stock Down 1.3%

Shares of INTC opened at $21.38 on Tuesday. The firm has a market capitalization of $93.26 billion, a P/E ratio of -4.88 and a beta of 1.15. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $21.41 and a 200-day moving average price of $21.66.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Equities research analysts expect that Intel Co. will post -0.11 earnings per share 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.