Intech Investment Management LLC Raises Holdings in Intel Co. (NASDAQ:INTC)

Intech Investment Management LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 18.5% in the 4th quarter, HoldingsChannel reports. The fund owned 219,293 shares of the chip maker’s stock after purchasing an additional 34,244 shares during the quarter. Intech Investment Management LLC’s holdings in Intel were worth $4,397,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR purchased a new position in Intel in the fourth quarter worth approximately $5,098,000. Horizon Investments LLC grew its position in Intel by 74.2% in the fourth quarter. Horizon Investments LLC now owns 165,976 shares of the chip maker’s stock worth $3,328,000 after acquiring an additional 70,710 shares during the period. Thrivent Financial for Lutherans grew its position in Intel by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker’s stock worth $4,356,000 after acquiring an additional 743 shares during the period. Mystic Asset Management Inc. boosted its position in shares of Intel by 91.4% during the fourth quarter. Mystic Asset Management Inc. now owns 56,128 shares of the chip maker’s stock worth $1,125,000 after buying an additional 26,800 shares during the period. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Intel during the fourth quarter worth $58,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTC shares. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

NASDAQ INTC opened at $25.92 on Wednesday. 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 52-week low of $18.51 and a 52-week high of $45.41. The business’s 50-day moving average price is $21.68 and its 200 day moving average price is $21.93. The firm has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.