B. Metzler seel. Sohn & Co. Holding AG Invests $6.70 Million in Intel Co. (NASDAQ:INTC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 285,521 shares of the chip maker's stock, valued at approximately $6,698,000.

A number of other institutional investors also recently bought and sold shares of INTC. Capital International Investors increased its stake in shares of Intel by 16.0% during the first quarter. Capital International Investors now owns 112,093,582 shares of the chip maker's stock worth $4,951,174,000 after acquiring an additional 15,475,631 shares during the period. Primecap Management Co. CA increased its stake in shares of Intel by 2.2% during the second quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker's stock worth $2,410,166,000 after acquiring an additional 1,697,550 shares during the period. Van ECK Associates Corp increased its stake in shares of Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Intel by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,841,750 shares of the chip maker's stock worth $1,759,811,000 after acquiring an additional 2,457,243 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Intel by 1.3% during the second quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker's stock worth $1,161,779,000 after buying an additional 487,191 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group decreased their price objective on shares of Intel from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Susquehanna reduced their price target on shares of Intel from $35.00 to $26.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, November 1st. Wedbush reduced their price target on shares of Intel from $32.50 to $25.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.12.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.19 during midday trading on Wednesday, hitting $24.01. The company's stock had a trading volume of 48,673,438 shares, compared to its average volume of 60,021,453. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm's fifty day moving average price is $23.00 and its 200-day moving average price is $26.20. The firm has a market cap of $103.56 billion, a P/E ratio of -6.45 and a beta of 1.03. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post -0.83 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.