Tidal Investments LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Tidal Investments LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 54.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 352,406 shares of the chip maker’s stock after buying an additional 123,508 shares during the period. Tidal Investments LLC’s holdings in Intel were worth $7,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of INTC. Norges Bank acquired a new position in Intel in the 4th quarter worth approximately $1,246,569,000. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. Northern Trust Corp grew its stake in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the period. Vanguard Group Inc. grew its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. Finally, Lazard Asset Management LLC grew its stake in Intel by 4,290.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,207,340 shares of the chip maker’s stock valued at $124,456,000 after acquiring an additional 6,065,956 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.38 on Tuesday. 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 stock has a fifty day moving average price of $21.41 and a 200 day moving average price of $21.66. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a market cap of $93.26 billion, a PE ratio of -4.88 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating 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 company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the company earned $0.18 earnings per share. Intel’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Mizuho decreased their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.