Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,729,698 shares of the chip maker's stock after acquiring an additional 463,597 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Intel were worth $34,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Finley Financial LLC bought a new stake in Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the 4th quarter worth approximately $31,000. Institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on INTC shares. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Barclays restated a "reduce" rating on shares of Intel in a research note on Tuesday. Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $23.43.
View Our Latest Report on INTC
Intel Price Performance
Shares of INTC stock opened at $20.57 on Thursday. The stock has a 50 day moving average price of $22.11 and a 200 day moving average price of $21.90. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. 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 firm has a market capitalization of $89.69 billion, a P/E ratio of -4.70 and a beta of 1.13.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
Intel Profile
(
Free Report)
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.
Further Reading
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