Brooklyn Investment Group Boosts Holdings in Intel Co. (NASDAQ:INTC)

Brooklyn Investment Group increased its position in Intel Co. (NASDAQ:INTC) by 31.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,046 shares of the chip maker’s stock after purchasing an additional 2,148 shares during the period. Brooklyn Investment Group’s holdings in Intel were worth $181,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. raised its stake in shares of Intel by 74.1% in the second quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after purchasing an additional 5,124 shares during the last quarter. XTX Topco Ltd lifted its stake in Intel by 173.6% during the 2nd quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock valued at $556,000 after acquiring an additional 11,394 shares during the period. ProVise Management Group LLC boosted its holdings in shares of Intel by 30.6% during the 2nd quarter. ProVise Management Group LLC now owns 6,883 shares of the chip maker’s stock valued at $213,000 after acquiring an additional 1,612 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Intel by 10.7% in the second quarter. Intech Investment Management LLC now owns 146,133 shares of the chip maker’s stock worth $4,526,000 after acquiring an additional 14,102 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Intel by 201.1% during the second quarter. Canada Pension Plan Investment Board now owns 3,351,421 shares of the chip maker’s stock valued at $103,794,000 after purchasing an additional 2,238,254 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 9.3 %

INTC opened at $21.49 on Friday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $21.55 and a two-hundred day simple moving average of $23.32. The company has a market capitalization of $92.69 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTC. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.88.

Intel 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.