Intel Co. (NASDAQ:INTC) Shares Acquired by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its stake in Intel Co. (NASDAQ:INTC) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 81,939 shares of the chip maker’s stock after buying an additional 1,689 shares during the quarter. North Star Investment Management Corp.’s holdings in Intel were worth $1,861,000 as of its most recent SEC filing.

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

Intel Trading Down 3.0%

Intel stock opened at $20.14 on Monday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm’s 50-day moving average is $20.43 and its 200-day moving average is $21.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Intel’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research report on Wednesday, May 21st. They set a “hold” rating and a $23.00 target price on the stock. Susquehanna decreased their price objective on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Rosenblatt Securities cut their price target on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel has an average 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.