APG Asset Management US Inc. Acquires 15,796 Shares of Intel Co. (NASDAQ:INTC)

APG Asset Management US Inc. grew its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,606 shares of the chip maker's stock after buying an additional 15,796 shares during the period. APG Asset Management US Inc.'s holdings in Intel were worth $2,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new position in Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the 4th quarter valued at approximately $31,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ INTC traded down $0.14 on Friday, hitting $19.74. 128,212,455 shares of the company traded hands, compared to its average volume of 77,904,435. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business's 50 day moving average price is $22.37 and its 200-day moving average price is $22.08. The company has a market capitalization of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on INTC shares. UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Rosenblatt Securities reissued a "sell" rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Roth Mkm lowered their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $25.58.

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.