UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Intel Co. (NASDAQ:INTC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 28.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 58,469,412 shares of the chip maker’s stock after acquiring an additional 12,865,308 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Intel were worth $1,371,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. William B. Walkup & Associates Inc. purchased a new position in Intel in the second quarter valued at about $2,178,000. Swiss National Bank grew its position in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after buying an additional 31,800 shares during the last quarter. Fortis Group Advisors LLC grew its position in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. raised its stake in shares of Intel by 2,910.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after acquiring an additional 27,940 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Intel by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock valued at $743,457,000 after acquiring an additional 2,248,332 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Down 1.7 %

INTC stock opened at $23.65 on Thursday. Intel Co. has a one year low of $18.51 and a one year 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. The firm’s fifty day moving average is $23.38 and its 200 day moving average is $25.99. The firm has a market cap of $102.00 billion, a PE ratio of -6.36 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Daiwa America raised shares of Intel to a “hold” rating in a research report on Monday, August 26th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $30.12.

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.