Intel Co. (NASDAQ:INTC) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Intel Co. (NASDAQ:INTC) by 67.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,570,068 shares of the chip maker’s stock after purchasing an additional 1,431,693 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Intel were worth $71,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, Quest Partners LLC boosted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Mizuho cut 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. Finally, Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Five research 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Trading Up 4.6 %

NASDAQ INTC opened at $20.68 on Thursday. 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 has a market cap of $89.54 billion, a price-to-earnings ratio of -4.72 and a beta of 1.02. The firm has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.80. Intel Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts anticipate that Intel Co. will post -0.11 EPS 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.