Intel Co. (NASDAQ:INTC) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,722 shares of the chip maker’s stock after purchasing an additional 6,668 shares during the period. Principal Securities Inc.’s holdings in Intel were worth $816,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Empirical Asset Management LLC purchased a new position in Intel during the 4th quarter valued at about $276,000. Finally, Swiss National Bank increased its holdings in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after acquiring an additional 31,800 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Stock Up 1.4 %

INTC stock opened at $26.09 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The firm has a market cap of $112.97 billion, a price-to-earnings ratio of -5.96 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a fifty day moving average price of $20.64 and a two-hundred day moving average price of $21.59.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.