Jump Financial LLC Acquires 972,360 Shares of Intel Co. (NASDAQ:INTC)

Jump Financial LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 313.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,282,761 shares of the chip maker’s stock after purchasing an additional 972,360 shares during the period. Intel makes up about 0.5% of Jump Financial LLC’s holdings, making the stock its 13th biggest holding. Jump Financial LLC’s holdings in Intel were worth $25,719,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 2.9 %

INTC opened at $20.31 on Tuesday. The firm has a 50 day moving average price of $22.38 and a 200 day moving average price of $22.05. The company has a market cap of $88.56 billion, a PE ratio of -4.64 and a beta of 1.13. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last released 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 return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. 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. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.54.

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.