Magnetar Financial LLC Takes Position in Intel Co. (NASDAQ:INTC)

Magnetar Financial LLC acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 102,614 shares of the chip maker’s stock, valued at approximately $2,057,000.

Several other large investors also recently made changes to their positions in INTC. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the 4th quarter valued at $29,000. Finally, Quest Partners LLC lifted 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 valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of Intel stock opened at $23.96 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $21.85 and a 200 day moving average of $21.96. The firm has a market cap of $103.75 billion, a PE ratio of -5.47 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTC. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Cantor Fitzgerald increased their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.04.

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.