New York Life Investment Management LLC Has $19.33 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

New York Life Investment Management LLC lifted its position in Intel Co. (NASDAQ:INTC – Get Rating) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 731,490 shares of the chip maker’s stock after buying an additional 4,335 shares during the quarter. New York Life Investment Management LLC’s holdings in Intel were worth $19,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SYSTM Wealth Solutions LLC bought a new position in Intel during the fourth quarter worth $333,000. Ameritas Advisory Services LLC increased its position in Intel by 4.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 33,689 shares of the chip maker’s stock worth $890,000 after acquiring an additional 1,478 shares during the period. WESCAP Management Group Inc. increased its position in Intel by 4.8% during the fourth quarter. WESCAP Management Group Inc. now owns 9,432 shares of the chip maker’s stock worth $249,000 after acquiring an additional 432 shares during the period. Intrust Bank NA increased its position in Intel by 49.8% during the fourth quarter. Intrust Bank NA now owns 27,519 shares of the chip maker’s stock worth $727,000 after acquiring an additional 9,144 shares during the period. Finally, Exos TFP Holdings LLC increased its position in Intel by 22.4% during the fourth quarter. Exos TFP Holdings LLC now owns 14,782 shares of the chip maker’s stock worth $391,000 after acquiring an additional 2,707 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 8,200 shares of the stock in a transaction dated Monday, May 1st. The stock was bought at an average cost of $30.41 per share, with a total value of $249,362.00. Following the purchase, the chief executive officer now directly owns 138,265 shares in the company, valued at approximately $4,204,638.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Trading Up 1.4 %

Intel stock traded up $0.39 during trading hours on Friday, reaching $27.79. 12,138,571 shares of the company’s stock traded hands, compared to its average volume of 43,136,535. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.76. Intel Co. has a fifty-two week low of $24.59 and a fifty-two week high of $44.93. The firm has a market capitalization of $115.91 billion, a price-to-earnings ratio of -40.29, a PEG ratio of 14.52 and a beta of 0.88. The firm’s 50 day moving average is $30.48 and its 200-day moving average is $28.96.

Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The chip maker reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.12. The company had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Intel had a positive return on equity of 3.06% and a negative net margin of 5.06%. Intel’s revenue was down 36.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. On average, analysts predict that Intel Co. will post 0.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTC. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intel from $28.00 to $32.00 in a report on Thursday, March 30th. Truist Financial boosted their price target on shares of Intel from $29.00 to $32.00 in a report on Friday, April 28th. Citigroup boosted their price target on shares of Intel from $25.50 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 17th. The Goldman Sachs Group set a $24.00 price target on shares of Intel in a report on Friday, January 27th. Finally, Barclays boosted their price target on shares of Intel from $27.00 to $30.00 in a report on Friday, April 28th. Eight investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.52.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.