NEOS Investment Management LLC Acquires 113,812 Shares of Intel Co. (NASDAQ:INTC)

NEOS Investment Management LLC grew its stake in Intel Co. (NASDAQ:INTC) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 557,546 shares of the chip maker’s stock after purchasing an additional 113,812 shares during the quarter. NEOS Investment Management LLC’s holdings in Intel were worth $11,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC boosted its holdings in 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 buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

NASDAQ:INTC opened at $23.42 on Thursday. The stock has a market capitalization of $101.41 billion, a PE ratio of -5.35 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $22.09. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $27.04.

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.