Intel Co. (NASDAQ:INTC) Stock Position Increased by AQR Capital Management LLC

AQR Capital Management LLC grew its position in Intel Co. (NASDAQ:INTC) by 381.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,495,876 shares of the chip maker’s stock after buying an additional 3,561,351 shares during the period. AQR Capital Management LLC’s holdings in Intel were worth $90,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Evergreen Capital Management LLC increased its position in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. increased its holdings in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after purchasing an additional 456 shares during the period. CFM Wealth Partners LLC increased its holdings in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its holdings in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Barclays reissued a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Wedbush dropped their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Finally, Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $22.23.

Intel Price Performance

INTC opened at $20.10 on Thursday. The firm has a market capitalization of $87.65 billion, a P/E ratio of -4.59 and a beta of 1.13. The stock has a fifty day moving average of $21.61 and a 200-day moving average of $21.81. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16.

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

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.