Intel Co. (NASDAQ:INTC) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 21.5% during the fourth quarter, Holdings Channel reports. The fund owned 922,110 shares of the chip maker’s stock after buying an additional 162,910 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Intel were worth $18,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 25th. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.23.

Intel Trading Down 1.7 %

Shares of INTC stock opened at $20.27 on Tuesday. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a market cap of $88.42 billion, a price-to-earnings ratio of -4.63 and a beta of 1.15. The company’s 50-day moving average price is $21.41 and its 200-day moving average price is $21.75. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating 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 business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.