Entropy Technologies LP Raises Position in Intel Co. (NASDAQ:INTC)

Entropy Technologies LP raised its stake in Intel Co. (NASDAQ:INTC) by 90.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,790 shares of the chip maker’s stock after purchasing an additional 139,301 shares during the quarter. Intel accounts for about 0.6% of Entropy Technologies LP’s portfolio, making the stock its 26th biggest position. Entropy Technologies LP’s holdings in Intel were worth $5,890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of 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 in the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. grew 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 valued at $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $276,000. Finally, Swiss National Bank grew its holdings in Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on INTC. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 price objective on shares of Intel in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $19.10 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The business has a 50-day simple moving average of $20.31 and a two-hundred day simple moving average of $22.00. 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 released 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel 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.