Entropy Technologies LP Has $5.89 Million Position in Intel Co. (NASDAQ:INTC)

Entropy Technologies LP grew its holdings in Intel Co. (NASDAQ:INTC) by 90.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 293,790 shares of the chip maker’s stock after purchasing an additional 139,301 shares during the quarter. Intel comprises about 0.6% of Entropy Technologies LP’s investment portfolio, making the stock its 26th largest position. Entropy Technologies LP’s holdings in Intel were worth $5,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth $29,000. Quest Partners LLC raised its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment raised its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Roth Mkm cut their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Performance

Shares of INTC stock opened at $19.10 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock’s fifty day simple moving average is $20.31 and its 200 day simple moving average is $22.00.

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