XTX Topco Ltd Takes Position in Intel Co. (NASDAQ:INTC)

XTX Topco Ltd bought a new position in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, Holdings Channel reports. The fund bought 24,446 shares of the chip maker’s stock, valued at approximately $490,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC grew its holdings in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. Norges Bank bought a new stake in Intel in the fourth quarter valued at $1,246,569,000. Invesco Ltd. raised its holdings in shares of Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock valued at $863,931,000 after purchasing an additional 3,696,377 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Intel by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock worth $680,472,000 after purchasing an additional 2,248,342 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 1.6 %

INTC opened at $18.93 on Monday. The company has a 50 day moving average of $22.34 and a 200 day moving average of $21.95. 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 Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a market cap of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. UBS Group cut their target price on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $25.38.

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.