Caisse Des Depots ET Consignations Invests $4.19 Million in Intel Co. (NASDAQ:INTC)

Caisse Des Depots ET Consignations purchased a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 208,772 shares of the chip maker's stock, valued at approximately $4,186,000.

Other hedge funds have also recently made changes to their positions in the company. Finley Financial LLC bought a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter valued at $29,000. Finally, Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.91 during midday trading on Friday, hitting $22.71. 58,184,763 shares of the company's stock traded hands, compared to its average volume of 74,652,140. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02. 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 fifty day moving average of $22.33 and a 200 day moving average of $22.15.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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, analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on INTC shares. Citigroup reduced their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Finally, HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.04.

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.