Intel Co. (NASDAQ:INTC) Stake Lifted by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in Intel Co. (NASDAQ:INTC) by 664.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 143,043 shares of the chip maker’s stock after buying an additional 124,323 shares during the quarter. Headlands Technologies LLC’s holdings in Intel were worth $2,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in 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. Relyea Zuckerberg Hanson LLC boosted its position in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. grew its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $276,000. Finally, InvesTrust bought a new stake in Intel during the 4th quarter valued at $3,696,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $22.71 on Tuesday. The company has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $22.35 and its 200-day simple moving average is $22.19.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on INTC. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.