Cibc World Markets Corp Has $36.27 Million Stake in Intel Co. (NASDAQ:INTC)

Cibc World Markets Corp lifted its position in shares of Intel Co. (NASDAQ:INTC) by 121.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,809,010 shares of the chip maker’s stock after acquiring an additional 992,105 shares during the quarter. Cibc World Markets Corp’s holdings in Intel were worth $36,271,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Finally, Quest Partners LLC raised its position in Intel by 7,370.6% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $24.05 on Monday. The firm has a 50-day moving average of $21.45 and a 200-day moving average of $21.87. The company has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. 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 Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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 forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $27.04.

About Intel

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.