Ieq Capital LLC Acquires 294,255 Shares of Intel Co. (NASDAQ:INTC)

Ieq Capital LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 251.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 411,256 shares of the chip maker’s stock after purchasing an additional 294,255 shares during the quarter. Ieq Capital LLC’s holdings in Intel were worth $8,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its holdings in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after acquiring an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its holdings in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new position in Intel in the fourth quarter valued at about $276,000. Finally, Swiss National Bank lifted its holdings in 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 acquiring an additional 31,800 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

NASDAQ INTC opened at $26.09 on Friday. The stock has a market capitalization of $112.97 billion, a PE ratio of -5.96 and a beta of 1.08. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $21.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

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

Analyst Ratings Changes

A number of research firms have weighed in on INTC. Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

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.