Plato Investment Management Ltd Has $1.13 Million Stake in Intel Co. (NASDAQ:INTC)

Plato Investment Management Ltd grew its position in Intel Co. (NASDAQ:INTC) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 56,140 shares of the chip maker’s stock after purchasing an additional 2,337 shares during the period. Plato Investment Management Ltd’s holdings in Intel were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Intel in the fourth quarter valued at approximately $8,681,000. Jones Financial Companies Lllp boosted its stake in shares of Intel by 10.6% in the fourth quarter. Jones Financial Companies Lllp now owns 168,904 shares of the chip maker’s stock valued at $3,387,000 after buying an additional 16,232 shares during the period. Riverview Trust Co boosted its stake in shares of Intel by 2.0% in the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock valued at $573,000 after buying an additional 565 shares during the period. Clifford Swan Investment Counsel LLC boosted its stake in shares of Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after buying an additional 15,214 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $142,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Barclays cut their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.74 on Tuesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The stock has a market cap of $98.46 billion, a price-to-earnings ratio of -5.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm’s 50-day simple moving average is $21.26 and its 200 day simple moving average is $21.82.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. As a group, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.