58,328 Shares in Intel Co. (NASDAQ:INTC) Acquired by Inkwell Capital LLC

Inkwell Capital LLC purchased a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 58,328 shares of the chip maker’s stock, valued at approximately $1,169,000. Intel accounts for about 1.2% of Inkwell Capital LLC’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its position in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new stake in shares of Intel in the fourth quarter worth about $276,000. Finally, InvesTrust acquired a new stake in shares of Intel in the fourth quarter valued at about $3,696,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 3.9 %

Shares of NASDAQ:INTC opened at $22.71 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. The company’s 50-day moving average price is $22.33 and its 200 day moving average price is $22.15. The company has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group cut their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.04.

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.