ProShare Advisors LLC Grows Position in Intel Co. (NASDAQ:INTC)

ProShare Advisors LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,364,979 shares of the chip maker’s stock after acquiring an additional 865,104 shares during the quarter. ProShare Advisors LLC owned approximately 0.15% of Intel worth $127,618,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INTC. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter worth approximately $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on INTC. Roth Mkm decreased 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. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. StockNews.com upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Six investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.67.

Intel Stock Down 4.6%

Shares of NASDAQ:INTC opened at $21.52 on Thursday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm has a market capitalization of $93.87 billion, a PE ratio of -4.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s 50-day moving average is $21.33 and its two-hundred day moving average is $21.70.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Analysts predict that Intel Co. will post -0.11 EPS for the current 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.