Swiss National Bank Raises Stake in Intel Co. (NASDAQ:INTC)

Swiss National Bank lifted its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,635,400 shares of the chip maker's stock after buying an additional 31,800 shares during the quarter. Swiss National Bank owned approximately 0.29% of Intel worth $296,426,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in INTC. Guardian Capital Advisors LP grew its holdings in Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker's stock worth $708,000 after acquiring an additional 328 shares during the period. Key Financial Inc increased its stake in Intel by 4.1% in the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker's stock worth $269,000 after purchasing an additional 340 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Intel by 1.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker's stock worth $767,000 after purchasing an additional 348 shares in the last quarter. Cypress Asset Management Inc. TX increased its stake in Intel by 1.6% in the 1st quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker's stock worth $1,015,000 after purchasing an additional 350 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its stake in Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker's stock worth $2,000,000 after purchasing an additional 381 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 2.7 %

INTC opened at $24.35 on Friday. The business has a 50 day moving average price of $22.69 and a 200 day moving average price of $26.33. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. UBS Group dropped their price target on Intel from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, November 1st. StockNews.com cut Intel from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $30.12.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.04% of the company's stock.

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.

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