Czech National Bank Increases Stake in Intel Co. (NASDAQ:INTC)

Czech National Bank lifted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 935,144 shares of the chip maker's stock after purchasing an additional 65,911 shares during the period. Czech National Bank's holdings in Intel were worth $18,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. American Century Companies Inc. grew its position in Intel by 26.9% during the second quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker's stock valued at $59,621,000 after buying an additional 408,512 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of Intel by 16.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker's stock worth $560,000 after purchasing an additional 2,492 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Intel by 13.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 488,031 shares of the chip maker's stock worth $15,114,000 after purchasing an additional 57,081 shares during the period. Williams Financial LLC purchased a new position in Intel in the second quarter valued at approximately $1,211,000. Finally, Wilkins Investment Counsel Inc. grew its holdings in Intel by 2.1% during the second quarter. Wilkins Investment Counsel Inc. now owns 533,992 shares of the chip maker's stock valued at $16,538,000 after purchasing an additional 11,077 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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Intel Trading Up 0.3 %

Intel stock traded up $0.05 during mid-day trading on Monday, hitting $19.20. The company's stock had a trading volume of 50,506,354 shares, compared to its average volume of 58,577,570. The business has a 50 day moving average price of $21.97 and a 200-day moving average price of $23.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The stock has a market cap of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the firm posted $0.28 EPS. The company's revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on INTC shares. Bank of America reaffirmed an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the company a "hold" rating in a report on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $29.96.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company's stock.

Intel 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.