Bridgewater Advisors Inc. Has $352,000 Stock Position in Intel Co. (NASDAQ:INTC)

Bridgewater Advisors Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 9.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,360 shares of the chip maker’s stock after selling 1,588 shares during the period. Bridgewater Advisors Inc.’s holdings in Intel were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the 2nd quarter valued at $33,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, Susquehanna lowered their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

INTC opened at $25.05 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $26.72. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market capitalization of $108.04 billion, a PE ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. Research analysts expect that Intel Co. will post -0.47 EPS 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.