Intel Co. (NASDAQ:INTC) Shares Acquired by SP Asset Management LLC

SP Asset Management LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 149.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,994 shares of the chip maker’s stock after buying an additional 23,360 shares during the period. SP Asset Management LLC’s holdings in Intel were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Harbor Capital Advisors Inc. increased its holdings in Intel by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock valued at $1,297,000 after buying an additional 3,272 shares during the period. Catalyst Capital Advisors LLC grew its position in Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after purchasing an additional 45,432 shares during the period. United Advisor Group LLC purchased a new position in Intel during the 3rd quarter worth $367,000. NorthRock Partners LLC boosted its stake in Intel by 30.0% in the third quarter. NorthRock Partners LLC now owns 20,783 shares of the chip maker’s stock valued at $488,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Focused Wealth Management Inc boosted its holdings in shares of Intel by 35.0% in the third quarter. Focused Wealth Management Inc now owns 75,448 shares of the chip maker’s stock worth $1,770,000 after acquiring an additional 19,551 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $20.81 on Thursday. The company has a market capitalization of $90.11 billion, a P/E ratio of -4.75 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. The firm has a 50-day moving average price of $21.28 and a two-hundred day moving average price of $21.82. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Truist Financial reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.88.

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.