KLP Kapitalforvaltning AS Makes New Investment in Intel Co. (NASDAQ:INTC)

KLP Kapitalforvaltning AS acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,427,308 shares of the chip maker's stock, valued at approximately $28,618,000.

A number of other institutional investors also recently bought and sold shares of the stock. Finley Financial LLC acquired a new position in shares of Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of Intel stock traded down $0.05 during trading hours on Monday, reaching $24.21. 53,028,613 shares of the company's stock were exchanged, compared to its average volume of 72,087,775. The business has a fifty day moving average of $21.95 and a two-hundred day moving average of $22.01. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $104.84 billion, a P/E ratio of -5.53 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

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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 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, research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Cantor Fitzgerald boosted their price objective on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $27.04.

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.