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

Paradigm Asset Management Co. LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 169.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,102 shares of the chip maker’s stock after acquiring an additional 5,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Intel were worth $162,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Intel in the 4th quarter valued at about $276,000. Finally, Swiss National Bank raised its position in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company decreased their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Stock Down 4.7 %

Shares of NASDAQ:INTC opened at $24.87 on Friday. The firm has a market cap of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. The company has a fifty day simple moving average of $20.75 and a 200 day simple moving average of $21.62. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

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.