Worldquant Millennium Advisors LLC Acquires New Position in Intel Co. (NASDAQ:INTC)

Worldquant Millennium Advisors LLC acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 344,398 shares of the chip maker’s stock, valued at approximately $6,905,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Freestone Grove Partners LP bought a new stake in Intel in the fourth quarter valued at about $62,654,000. Rheos Capital Works Inc. increased its holdings in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after buying an additional 30,000 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its holdings in Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after buying an additional 15,214 shares during the last quarter. Toronto Dominion Bank increased its holdings in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after buying an additional 7,806,882 shares during the last quarter. Finally, Accel Wealth Management increased its holdings in Intel by 109.8% in the fourth quarter. Accel Wealth Management now owns 50,454 shares of the chip maker’s stock valued at $1,012,000 after buying an additional 26,411 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INTC shares. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities decreased their target price on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday, April 25th. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. UBS Group decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. 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.com, the stock presently has an average rating of “Hold” and an average price target of $21.57.

Intel Stock Performance

INTC opened at $20.69 on Thursday. The company has a market capitalization of $90.25 billion, a price-to-earnings ratio of -4.72 and a beta of 1.15. 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 Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The business has a 50 day moving average price of $21.29 and a two-hundred day moving average price of $21.66.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. Research analysts predict that Intel Co. will post -0.11 EPS 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.