Bayesian Capital Management LP Has $2.26 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Bayesian Capital Management LP trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 79.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,100 shares of the chip maker’s stock after selling 202,300 shares during the quarter. Bayesian Capital Management LP’s holdings in Intel were worth $2,257,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $27,000. Burkett Financial Services LLC acquired a new position in Intel during the fourth quarter worth $27,000. Tributary Capital Management LLC acquired a new position in Intel during the first quarter worth $27,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Intel during the first quarter valued at about $36,000. Finally, Signature Resources Capital Management LLC bought a new stake in Intel during the fourth quarter valued at about $37,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Roth Mkm decreased their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Wolfe Research upgraded shares of Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. Evercore ISI cut their price target on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday, April 26th. Citigroup dropped their price objective on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.65.

Intel Trading Down 2.0 %

Shares of NASDAQ INTC traded down $0.61 during midday trading on Tuesday, reaching $30.22. 27,443,313 shares of the stock were exchanged, compared to its average volume of 47,718,660. The business has a 50-day simple moving average of $31.61 and a two-hundred day simple moving average of $37.24. The company has a market capitalization of $128.65 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 18.76 and a beta of 1.05. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares in the company, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

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.