Gotham Asset Management LLC Buys 58,360 Shares of Intel Co. (NASDAQ:INTC)

Gotham Asset Management LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 289,341 shares of the chip maker’s stock after acquiring an additional 58,360 shares during the quarter. Gotham Asset Management LLC’s holdings in Intel were worth $5,801,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter valued at about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $22.56 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $98.41 billion, a P/E ratio of -5.15 and a beta of 1.15. The company’s 50 day moving average price is $21.31 and its two-hundred day moving average price is $21.70. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

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

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 25th. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Cfra Research raised shares of Intel to a “hold” rating in a research note on Friday, April 25th. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $21.67.

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.