Allianz SE Decreases Holdings in Intel Corporation (NASDAQ:INTC)

Allianz SE trimmed its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 32.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,326 shares of the chip maker's stock after selling 44,559 shares during the quarter. Allianz SE's holdings in Intel were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Intel during the 1st quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new position in Intel during the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel during the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel during the first quarter valued at about $30,000. Finally, Olde Wealth Management LLC purchased a new stake in Intel in the first quarter worth about $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTC. Cantor Fitzgerald lowered their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price on the stock. Loop Capital began coverage on shares of Intel in a research report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target for the company. Cfra Research upgraded shares of Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Six equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.17.

Intel Stock Down 2.5%

Shares of INTC opened at $19.31 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $21.58 and a 200 day moving average of $21.54. The company has a market cap of $84.52 billion, a PE ratio of -4.05 and a beta of 1.22. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the prior year, the company posted $0.02 EPS. The company's revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Intel Corporation will post -0.11 EPS 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.

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