Intel Co. (NASDAQ:INTC) Shares Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC increased its position in shares of Intel Co. (NASDAQ:INTC) by 169.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,102 shares of the chip maker’s stock after buying an additional 5,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Intel were worth $162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter worth $29,000. Quest Partners LLC grew its stake in shares of 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 purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at $31,000. Finally, Groupama Asset Managment raised its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $24.87 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $20.75 and its two-hundred day moving average is $21.62. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The firm has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on INTC shares. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated 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 issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.88.

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.