Deutsche Bank AG Buys 2,965,308 Shares of Intel Co. (NASDAQ:INTC)

Deutsche Bank AG grew its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,030,097 shares of the chip maker's stock after purchasing an additional 2,965,308 shares during the quarter. Deutsche Bank AG owned approximately 0.55% of Intel worth $481,803,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in INTC. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter worth $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INTC. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Wedbush decreased their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Rosenblatt Securities reduced their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.23.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.44 during trading on Friday, hitting $21.44. The company had a trading volume of 51,561,056 shares, compared to its average volume of 79,868,026. Intel Co. has a 12 month low of $17.67 and a 12 month 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 firm has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The stock has a 50 day simple moving average of $21.24 and a 200 day simple moving average of $21.70.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. As a group, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

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.