MassMutual Private Wealth & Trust FSB Raises Position in Intel Co. (NASDAQ:INTC)

MassMutual Private Wealth & Trust FSB raised its stake in shares of Intel Co. (NASDAQ:INTC) by 79.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,768 shares of the chip maker’s stock after purchasing an additional 6,964 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Intel were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Geode Capital Management LLC grew its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after buying an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock valued at $1,268,430,000 after buying an additional 4,793,927 shares during the last quarter. Norges Bank bought a new position in shares of Intel during the fourth quarter valued at approximately $1,246,569,000. Finally, Northern Trust Corp grew its stake in shares of Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after buying an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 3.8%

Shares of NASDAQ INTC opened at $19.49 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. The stock has a market capitalization of $85.02 billion, a PE ratio of -4.45 and a beta of 1.15. The stock’s fifty day simple moving average is $20.67 and its two-hundred day simple moving average is $21.42. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 25th. Cantor Fitzgerald cut their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Finally, Wedbush cut their target price on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $21.57.

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.