Lbp Am Sa Grows Holdings in Intel Co. (NASDAQ:INTC)

LBP AM SA boosted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 2,314.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 627,673 shares of the chip maker's stock after purchasing an additional 601,673 shares during the period. LBP AM SA's holdings in Intel were worth $12,585,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTC. Assenagon Asset Management S.A. raised its stake in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares during the period. State Street Corp raised its stake in shares of Intel by 2.8% in the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Intel by 4.6% in the 3rd 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 owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INTC shares. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. UBS Group reduced 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. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $27.04.

Intel Stock Up 0.9 %

Shares of Intel stock traded up $0.23 during trading hours on Tuesday, hitting $25.92. The company had a trading volume of 132,239,728 shares, compared to its average volume of 71,244,833. The company's 50-day moving average is $21.56 and its two-hundred day moving average is $21.90. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.