Intel Co. (NASDAQ:INTC) Shares Acquired by Lbp Am Sa

Lbp Am Sa grew its stake in Intel Co. (NASDAQ:INTC) by 2,314.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 627,673 shares of the chip maker’s stock after purchasing an additional 601,673 shares during the quarter. Lbp Am Sa’s holdings in Intel were worth $12,585,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Harbour Investments Inc. boosted its position in Intel by 13.1% during the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after acquiring an additional 4,793 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in Intel by 19.5% during the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after acquiring an additional 7,861 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Intel by 8.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 118,197 shares of the chip maker’s stock worth $2,773,000 after acquiring an additional 9,532 shares during the last quarter. Balboa Wealth Partners boosted its position in Intel by 16.0% during the third quarter. Balboa Wealth Partners now owns 24,883 shares of the chip maker’s stock worth $584,000 after acquiring an additional 3,435 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Intel by 6.2% during the third quarter. CIBC Asset Management Inc now owns 1,324,899 shares of the chip maker’s stock worth $31,082,000 after acquiring an additional 76,855 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Intel stock opened at $24.05 on Friday. The firm has a market cap of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. 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’s 50 day moving average is $21.45 and its two-hundred day moving average is $21.84.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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 expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has an average 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.