Intel Co. (NASDAQ:INTC) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Intel Co. (NASDAQ:INTC) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,616,197 shares of the chip maker’s stock after purchasing an additional 86,483 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Intel worth $613,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its stake in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. Beaton Management Co. Inc. grew its stake in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC grew its position in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC increased its position in shares of Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares during the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTC. Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Cantor Fitzgerald lifted their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. reduced 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. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $26.88.

Intel Price Performance

Shares of INTC opened at $22.99 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The firm’s 50 day moving average price is $20.96 and its 200 day moving average price is $21.73. The firm has a market cap of $99.55 billion, a PE ratio of -5.25 and a beta of 1.08.

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