Point72 Asia Singapore Pte. Ltd. Buys New Shares in Intel Co. (NASDAQ:INTC)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,239 shares of the chip maker’s stock, valued at approximately $466,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in Intel in the fourth quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new position in Intel during the 4th quarter valued at about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $21.55 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. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $94.00 billion, a PE ratio of -4.92 and a beta of 1.15. The firm has a fifty day moving average price of $21.36 and a 200 day moving average price of $21.69.

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, topping analysts’ consensus estimates 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 business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, April 21st. Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.67.

About Intel

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.