Relyea Zuckerberg Hanson LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 211.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,898 shares of the chip maker's stock after purchasing an additional 19,625 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Intel were worth $579,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC raised its stake in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Intel by 1.3% during the second quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker's stock valued at $1,161,779,000 after acquiring an additional 487,191 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, January 10th. Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Bank of America reiterated an "underperform" rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus target price of $29.88.
Read Our Latest Stock Report on INTC
Insiders Place Their Bets
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is owned by insiders.
Intel Price Performance
Shares of Intel stock traded up $1.82 during trading on Friday, reaching $21.49. The company's stock had a trading volume of 163,396,661 shares, compared to its average volume of 65,582,438. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The company has a market capitalization of $92.69 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The business has a 50 day moving average price of $21.78 and a 200-day moving average price of $23.47. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current year.
About Intel
(Free Report)
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.
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