Laurion Capital Management LP Purchases 6,125 Shares of Intel Co. (NASDAQ:INTC)

Laurion Capital Management LP grew its position in Intel Co. (NASDAQ:INTC) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 815,925 shares of the chip maker’s stock after acquiring an additional 6,125 shares during the quarter. Laurion Capital Management LP’s holdings in Intel were worth $16,359,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC lifted its position in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after buying an additional 19,625 shares during the period. Empirical Asset Management LLC acquired a new stake in Intel during the 4th quarter valued at $276,000. Freestone Grove Partners LP acquired a new stake in Intel during the 4th quarter valued at $62,654,000. Rheos Capital Works Inc. increased its holdings in Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Czech National Bank increased its holdings in Intel by 7.6% during the 4th quarter. Czech National Bank now owns 935,144 shares of the chip maker’s stock valued at $18,750,000 after purchasing an additional 65,911 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Cfra Research raised Intel to a “hold” rating in a report on Friday, April 25th. Mizuho dropped their price target on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Rosenblatt Securities dropped their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $22.23.

Intel Stock Performance

Shares of Intel stock opened at $21.44 on Monday. The firm has a market cap of $93.52 billion, a price-to-earnings ratio of -4.89 and a beta of 1.15. The stock’s 50-day moving average is $21.24 and its 200-day moving average is $21.70. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly 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. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal 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.