Letko Brosseau & Associates Inc. Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

Letko Brosseau & Associates Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,947,200 shares of the chip maker’s stock after purchasing an additional 166,475 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Intel were worth $39,041,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Laird Norton Wetherby Wealth Management LLC raised its stake in shares of Intel by 11.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 83,114 shares of the chip maker’s stock valued at $1,666,000 after acquiring an additional 8,468 shares in the last quarter. Laurion Capital Management LP grew its position in Intel by 0.8% during the fourth quarter. Laurion Capital Management LP now owns 815,925 shares of the chip maker’s stock worth $16,359,000 after buying an additional 6,125 shares during the period. Invenomic Capital Management LP grew its stake in Intel by 79.7% in the 4th quarter. Invenomic Capital Management LP now owns 413,151 shares of the chip maker’s stock valued at $8,284,000 after acquiring an additional 183,216 shares during the last quarter. Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Intel during the fourth quarter valued at $438,000. Finally, Gotham Asset Management LLC grew its stake in Intel by 25.3% in the 4th quarter. Gotham Asset Management LLC now owns 289,341 shares of the chip maker’s stock worth $5,801,000 after acquiring an additional 58,360 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $21.44 on Monday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $21.24 and its two-hundred day moving average is $21.70.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wedbush reduced their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Stifel Nicolaus cut their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Morgan Stanley dropped 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, April 25th. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.23.

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.