Banco Bilbao Vizcaya Argentaria S.A. Sells 155,347 Shares of Intel Corporation $INTC

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,574,351 shares of the chip maker's stock after selling 155,347 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Intel were worth $35,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Intel by 0.3% during the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock valued at $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. Invesco Ltd. boosted its position in Intel by 1.3% during the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock worth $991,316,000 after buying an additional 562,246 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Intel by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock worth $795,431,000 after buying an additional 1,086,836 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTC shares. Sanford C. Bernstein cut their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. UBS Group lifted their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Six research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.17.

Intel Stock Performance

Shares of INTC stock opened at $23.66 on Tuesday. The firm has a market capitalization of $103.56 billion, a PE ratio of -4.96 and a beta of 1.22. The firm has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $21.60. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

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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