E. Ohman J or Asset Management AB Grows Position in Intel Co. (NASDAQ:INTC)

E. Ohman J or Asset Management AB raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,220 shares of the chip maker's stock after acquiring an additional 22,320 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Intel were worth $3,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC boosted its stake in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. grew its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new position in Intel during the 4th quarter worth $276,000. Finally, Swiss National Bank lifted its holdings in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock worth $296,426,000 after buying an additional 31,800 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

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Intel Stock Down 1.4 %

NASDAQ:INTC traded down $0.28 during trading hours on Friday, reaching $19.11. The company had a trading volume of 36,752,643 shares, compared to its average volume of 70,031,305. The business's 50-day simple moving average is $20.41 and its two-hundred day simple moving average is $22.10. 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 $82.40 billion, a price-to-earnings ratio of -4.36, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, equities analysts expect that Intel Co. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $22.00 target price on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Citigroup cut their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, 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 report on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.60.

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.