Metis Global Partners LLC Buys 2,089 Shares of Intel Co. (NASDAQ:INTC)

Metis Global Partners LLC grew its stake in Intel Co. (NASDAQ:INTC) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 224,717 shares of the chip maker’s stock after acquiring an additional 2,089 shares during the quarter. Metis Global Partners LLC’s holdings in Intel were worth $4,506,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTC. Quest Partners LLC raised its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $25,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter valued at $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intel in the 3rd quarter valued at about $34,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on INTC. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.88.

Intel Trading Up 2.8 %

Shares of Intel stock opened at $23.74 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The stock has a market cap of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The firm has a 50-day moving average of $21.21 and a 200-day moving average of $21.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last announced its 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%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Intel 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.