Groupama Asset Managment Has $1.33 Million Stake in Intel Co. (NASDAQ:INTC)

Groupama Asset Managment trimmed its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 51.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,007 shares of the chip maker's stock after selling 70,174 shares during the quarter. Groupama Asset Managment's holdings in Intel were worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Intel in the fourth quarter valued at about $1,246,569,000. Assenagon Asset Management S.A. boosted its stake in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after purchasing an additional 14,227,458 shares during the period. Vanguard Group Inc. grew its holdings in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. State Street Corp increased its position in Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 4,103,553 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INTC. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. UBS Group cut their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their price target on Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Finally, Rosenblatt Securities reissued a "sell" rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.04.

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Intel Price Performance

INTC traded up $0.45 during midday trading on Thursday, hitting $22.43. The company had a trading volume of 242,113,573 shares, compared to its average volume of 75,484,449. Intel Co. has a twelve month low of $18.51 and a twelve month high of $40.78. The company has a market capitalization of $97.81 billion, a PE ratio of -5.12 and a beta of 1.13. 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's 50-day simple moving average is $22.38 and its 200-day simple moving average is $22.20.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts predict that Intel Co. will post -0.11 EPS 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.