Elo Mutual Pension Insurance Co Has $7.82 Million Stake in Intel Co. (NASDAQ:INTC)

Elo Mutual Pension Insurance Co decreased its holdings in Intel Co. (NASDAQ:INTC) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 390,219 shares of the chip maker’s stock after selling 14,361 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Intel were worth $7,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INTC. Quest Partners LLC grew its position in Intel by 7,370.6% in 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 period. Quantbot Technologies LP purchased a new stake in shares of Intel during the 3rd quarter worth approximately $3,682,000. Townsquare Capital LLC raised its stake in shares of Intel by 2.7% in the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock valued at $1,434,000 after buying an additional 1,633 shares during the period. Blueshift Asset Management LLC boosted its position in Intel by 118.2% during the third quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock worth $1,594,000 after purchasing an additional 36,798 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Intel by 4.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker’s stock valued at $108,499,000 after buying an additional 193,110 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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 research report on Thursday, March 13th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 3.2 %

Shares of Intel stock opened at $23.42 on Thursday. The company has a market cap of $101.41 billion, a P/E ratio of -5.35 and a beta of 1.02. The firm has a fifty day moving average of $22.22 and a two-hundred day moving average of $22.09. Intel Co. has a one year low of $18.51 and a one year high of $45.41. 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 quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

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.