Virtu Financial LLC Acquires Shares of 395,232 Intel Co. (NASDAQ:INTC)

Virtu Financial LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 395,232 shares of the chip maker’s stock, valued at approximately $7,924,000. Intel accounts for approximately 0.4% of Virtu Financial LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Intel by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after purchasing an additional 2,248,342 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Intel by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock valued at $613,855,000 after acquiring an additional 86,483 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

INTC opened at $24.26 on Friday. The firm’s fifty day simple moving average is $21.95 and its two-hundred day simple moving average is $21.98. The company has a market cap of $105.05 billion, a price-to-earnings ratio of -5.54 and a beta of 1.02. 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.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on INTC shares. Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Four 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 stock. Based on data from MarketBeat, the stock presently has an average 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.