China Universal Asset Management Co. Ltd. Has $1.41 Million Stake in Intel Co. (NASDAQ:INTC)

China Universal Asset Management Co. Ltd. lifted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 29.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,190 shares of the chip maker's stock after purchasing an additional 15,952 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Intel were worth $1,407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new position in Intel during the fourth quarter worth $276,000. Finally, Swiss National Bank grew its holdings in Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of Intel stock traded down $0.09 during trading on Tuesday, hitting $19.29. 53,716,660 shares of the stock were exchanged, compared to its average volume of 72,534,953. The stock's fifty day moving average is $20.67 and its 200 day moving average is $22.23. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a market cap of $83.20 billion, a PE ratio of -4.40, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts anticipate that Intel Co. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday. Five research 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.com, the company presently has an average rating of "Hold" and a consensus price target of $26.60.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.