Focused Wealth Management Inc lifted its stake in Intel Co. (NASDAQ:INTC – Free Report) by 35.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,448 shares of the chip maker’s stock after acquiring an additional 19,551 shares during the period. Focused Wealth Management Inc’s holdings in Intel were worth $1,770,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Capital International Investors raised its position in shares of Intel by 16.0% in the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after buying an additional 15,475,631 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Intel by 60.5% in the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock valued at $1,071,308,000 after acquiring an additional 13,035,566 shares in the last quarter. Davis Selected Advisers boosted its position in shares of Intel by 86.2% during the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock valued at $391,533,000 after acquiring an additional 5,851,098 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Intel during the second quarter worth about $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Intel by 2,681.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker’s stock worth $137,251,000 after purchasing an additional 4,272,395 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Performance
Shares of INTC opened at $23.32 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a market cap of $99.72 billion, a P/E ratio of -6.27 and a beta of 1.03. The business’s 50 day moving average price is $21.90 and its 200-day moving average price is $26.73. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.
Analyst Ratings Changes
Several brokerages have issued reports on INTC. Morgan Stanley dropped their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Roth Mkm cut their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, Mizuho raised their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.12.
Read Our Latest Stock Analysis on INTC
Intel 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.
See Also
- Five stocks we like better than Intel
- 3 Healthcare Dividend Stocks to Buy
- Palantir Cracks $50, Is There Still Time to Get on Board?
- How to Calculate Inflation Rate
- Insider Buying Signals Upside for These 3 Stocks
- The Significance of Brokerage Rankings in Stock Selection
- These 2 Big Players Are Set to Compete With Elon Musk’s Starlink
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.