Natixis Increases Position in Intel Co. (NASDAQ:INTC)

Natixis raised its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,249,340 shares of the chip maker's stock after buying an additional 431,161 shares during the period. Intel comprises approximately 0.5% of Natixis' holdings, making the stock its 25th largest position. Natixis owned approximately 0.10% of Intel worth $85,199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. Norges Bank bought a new position in shares of Intel in the fourth quarter worth about $1,246,569,000. Assenagon Asset Management S.A. raised 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 acquiring an additional 14,227,458 shares during the period. Vanguard Group Inc. boosted its position in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Intel during the 4th quarter valued at $93,393,000. Finally, Invesco Ltd. boosted its stake in shares of Intel by 9.4% in the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after acquiring an additional 3,696,377 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INTC shares. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Cantor Fitzgerald decreased their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday. Wedbush cut their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, UBS Group lowered their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.00.

Intel Stock Performance

Shares of Intel stock traded up $1.24 during trading on Wednesday, hitting $20.75. 67,718,311 shares of the company's stock were exchanged, compared to its average volume of 78,799,935. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $90.48 billion, a price-to-earnings ratio of -4.74 and a beta of 1.13. The business has a 50-day simple moving average of $22.17 and a 200-day simple moving average of $21.91.

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 return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

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.