Vinva Investment Management Ltd Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

Vinva Investment Management Ltd boosted its position in shares of Intel Co. (NASDAQ:INTC) by 77.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,633 shares of the chip maker’s stock after purchasing an additional 83,363 shares during the quarter. Vinva Investment Management Ltd’s holdings in Intel were worth $3,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at approximately $29,000. Finally, Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. UBS Group cut their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Stifel Nicolaus cut their price target 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 research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Down 6.9 %

Shares of NASDAQ:INTC opened at $24.12 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The firm has a 50 day simple moving average of $21.77 and a 200 day simple moving average of $21.95.

Intel (NASDAQ:INTC) last released 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, research analysts expect that Intel Co. will post -0.11 earnings per share for the current 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.