Bank Julius Baer & Co. Ltd Zurich Buys 25,838 Shares of Intel Co. (NASDAQ:INTC)

Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,802 shares of the chip maker's stock after purchasing an additional 25,838 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Intel were worth $4,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. 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 worth $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 28.2% during the third 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 worth $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock worth $244,302,000 after buying an additional 7,207,785 shares during the last quarter. State Street Corp boosted its stake in Intel by 2.8% during the third 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 buying an additional 4,103,553 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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Intel Stock Performance

Shares of NASDAQ INTC traded down $0.71 during mid-day trading on Monday, hitting $19.93. The company had a trading volume of 82,431,005 shares, compared to its average volume of 99,197,445. Intel Co. has a 12 month low of $18.51 and a 12 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 firm has a market cap of $86.30 billion, a P/E ratio of -4.55 and a beta of 1.02. The business's 50-day simple moving average is $21.30 and its 200-day simple moving average is $21.81.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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%. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Five equities research 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 company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.88.

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.