Graphene Investments SAS Acquires 19,000 Shares of Intel Co. (NASDAQ:INTC)

Graphene Investments SAS boosted its position in Intel Co. (NASDAQ:INTC - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 140,700 shares of the chip maker's stock after buying an additional 19,000 shares during the quarter. Graphene Investments SAS's holdings in Intel were worth $2,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. State Street Corp lifted its holdings in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intel by 28.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp boosted its position in Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after purchasing an additional 9,422,136 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Intel by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker's stock worth $743,457,000 after buying an additional 2,248,332 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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Wall Street Analysts Forecast Growth

INTC has been the subject of several analyst reports. Bank of America reissued an "underperform" rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Rosenblatt Securities restated a "sell" rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, October 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.60.

Intel Stock Up 3.4 %

NASDAQ:INTC traded up $0.66 during trading hours on Monday, hitting $19.76. 49,429,715 shares of the company's stock traded hands, compared to its average volume of 70,050,484. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The firm has a market cap of $85.54 billion, a P/E ratio of -4.51 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. The stock's fifty day moving average price is $20.31 and its two-hundred day moving average price is $21.86.

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

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.