Intel Co. (NASDAQ:INTC) Shares Bought by Belmont Capital LLC

Belmont Capital LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 871.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,656 shares of the chip maker’s stock after purchasing an additional 10,456 shares during the period. Belmont Capital LLC’s holdings in Intel were worth $234,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Intel during the fourth quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. raised its position in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Intel during the 4th quarter worth $93,393,000. Finally, Invesco Ltd. boosted its holdings in Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after buying an additional 3,696,377 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INTC. Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $25.38.

Intel Trading Down 1.6 %

Shares of Intel stock opened at $18.93 on Friday. 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. The company has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. The firm’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $21.99.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts forecast 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.