Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Takes $10.03 Million Position in Intel Co. (NASDAQ:INTC)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 500,000 shares of the chip maker's stock, valued at approximately $10,025,000. Intel accounts for 7.7% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s investment portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Intel in the fourth quarter worth approximately $1,246,569,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Intel in the fourth quarter valued at $4,186,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Intel by 2.0% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 72,305 shares of the chip maker's stock valued at $1,450,000 after buying an additional 1,450 shares during the period. NEOS Investment Management LLC boosted its stake in Intel by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 557,546 shares of the chip maker's stock valued at $11,179,000 after buying an additional 113,812 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Intel by 8.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 823,763 shares of the chip maker's stock worth $16,516,000 after acquiring an additional 61,454 shares during the period. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

NASDAQ:INTC traded down $0.54 during trading hours on Monday, reaching $22.17. The company had a trading volume of 25,992,890 shares, compared to its average volume of 74,466,354. The firm has a market capitalization of $96.00 billion, a PE ratio of -5.07 and a beta of 1.02. 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 stock has a 50-day moving average of $22.33 and a two-hundred day moving average of $22.16. Intel Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last issued 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%. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Four research 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.