Intel Co. (NASDAQ:INTC) is PARUS FINANCE UK Ltd’s 10th Largest Position

PARUS FINANCE UK Ltd trimmed its holdings in Intel Co. (NASDAQ:INTC) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 581,840 shares of the chip maker’s stock after selling 39,875 shares during the period. Intel comprises approximately 3.7% of PARUS FINANCE UK Ltd’s holdings, making the stock its 10th largest holding. PARUS FINANCE UK Ltd’s holdings in Intel were worth $11,666,000 as of its most recent SEC filing.

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

Intel Stock Down 3.9 %

INTC stock opened at $22.71 on Friday. The firm has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $22.12.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on INTC. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, HSBC upgraded 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 assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.04.

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.