Horizon Investments LLC Has $3.33 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Horizon Investments LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 74.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 165,976 shares of the chip maker’s stock after acquiring an additional 70,710 shares during the quarter. Horizon Investments LLC’s holdings in Intel were worth $3,328,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its holdings in Intel by 0.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker’s stock valued at $4,356,000 after acquiring an additional 743 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in Intel by 91.4% in the 4th quarter. Mystic Asset Management Inc. now owns 56,128 shares of the chip maker’s stock valued at $1,125,000 after acquiring an additional 26,800 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in Intel in the 4th quarter valued at approximately $58,000. Parallel Advisors LLC raised its holdings in Intel by 6.7% in the 4th quarter. Parallel Advisors LLC now owns 82,253 shares of the chip maker’s stock valued at $1,649,000 after acquiring an additional 5,166 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in Intel by 121.4% in the 4th quarter. Cibc World Markets Corp now owns 1,809,010 shares of the chip maker’s stock valued at $36,271,000 after acquiring an additional 992,105 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 0.9 %

NASDAQ:INTC opened at $25.92 on Wednesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. The stock’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $21.93.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $27.04.

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.