Fox Run Management L.L.C. Takes Position in Intel Co. (NASDAQ:INTC)

Fox Run Management L.L.C. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,766 shares of the chip maker’s stock, valued at approximately $918,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares in the last quarter. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its position in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after acquiring an additional 508 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares in the last quarter. Finally, Riverview Trust Co boosted its position in shares of Intel by 2.0% during the 4th quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock valued at $573,000 after acquiring an additional 565 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.04.

Intel Trading Up 1.3 %

INTC opened at $24.26 on Friday. 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 company has a market cap of $105.05 billion, a price-to-earnings ratio of -5.54 and a beta of 1.02. The firm has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $21.99. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

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.