Vident Advisory LLC Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

Vident Advisory LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,919,310 shares of the chip maker’s stock after purchasing an additional 518,640 shares during the period. Intel comprises 0.7% of Vident Advisory LLC’s portfolio, making the stock its 29th largest holding. Vident Advisory LLC’s holdings in Intel were worth $38,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Finley Financial LLC bought a new stake in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter valued at about $29,000. Finally, Conquis Financial LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $21.66 on Monday. 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 Co. has a one year low of $17.67 and a one year high of $37.16. The firm has a market capitalization of $94.48 billion, a PE ratio of -4.95 and a beta of 1.15. The firm has a 50-day moving average of $21.40 and a two-hundred day moving average of $21.68.

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

Analysts Set New Price Targets

Several research firms recently commented on INTC. Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Wedbush dropped their price objective on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Cfra Research raised shares of Intel to a “hold” rating in a report on Friday, April 25th. Morgan Stanley lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $21.67.

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.