StoneX Group Inc. Raises Position in Intel Co. (NASDAQ:INTC)

StoneX Group Inc. boosted its holdings in Intel Co. (NASDAQ:INTC) by 53.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,209 shares of the chip maker’s stock after purchasing an additional 5,977 shares during the quarter. StoneX Group Inc.’s holdings in Intel were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Summit Financial LLC increased its holdings in Intel by 8.3% during the 4th quarter. Summit Financial LLC now owns 52,902 shares of the chip maker’s stock worth $1,061,000 after purchasing an additional 4,055 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Intel by 30.3% during the fourth quarter. Alliancebernstein L.P. now owns 8,804,632 shares of the chip maker’s stock worth $176,533,000 after purchasing an additional 2,047,384 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Intel by 10.1% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 37,707 shares of the chip maker’s stock worth $756,000 after purchasing an additional 3,457 shares in the last quarter. AIA Group Ltd increased its holdings in Intel by 220.3% in the fourth quarter. AIA Group Ltd now owns 33,197 shares of the chip maker’s stock valued at $666,000 after buying an additional 22,833 shares during the last quarter. Finally, Inkwell Capital LLC acquired a new stake in Intel during the fourth quarter valued at approximately $1,169,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 0.3 %

INTC stock opened at $21.98 on Thursday. The firm has a market cap of $95.85 billion, a PE ratio of -5.02 and a beta of 1.13. Intel Co. has a 12 month low of $18.51 and a 12 month high of $41.65. 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 $22.36 and a 200 day simple moving average of $22.20.

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 equities research analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $27.04.

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.