UniSuper Management Pty Ltd Buys 61,454 Shares of Intel Co. (NASDAQ:INTC)

UniSuper Management Pty Ltd lifted its position in Intel Co. (NASDAQ:INTC) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 823,763 shares of the chip maker’s stock after purchasing an additional 61,454 shares during the period. UniSuper Management Pty Ltd’s holdings in Intel were worth $16,516,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INTC. Geode Capital Management LLC raised its position in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in Intel in the fourth quarter worth $276,000. Finally, InvesTrust bought a new stake in Intel in the fourth quarter valued at $3,696,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTC. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Trading Up 0.9 %

Shares of INTC stock opened at $23.62 on Friday. 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 12-month low of $18.51 and a 12-month high of $45.41. The stock has a market capitalization of $102.27 billion, a P/E ratio of -5.39 and a beta of 1.02. The firm’s 50 day moving average is $22.30 and its 200 day moving average is $22.10.

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