Banque Cantonale Vaudoise Makes New $4.26 Million Investment in Intel Corporation (NASDAQ:INTC)

Key Points

• Banque Cantonale Vaudoise has invested $4.26 million in Intel Corporation by purchasing 187,649 shares.
• Intel reported a loss of $0.10 earnings per share for the latest quarter, missing estimates, with revenue of $12.86 billion.
• Analysts have set a consensus price target of $22.30 for Intel shares, with most ratings being "hold" or "sell".

Banque Cantonale Vaudoise purchased a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 187,649 shares of the chip maker's stock, valued at approximately $4,261,000.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. N.E.W. Advisory Services LLC acquired a new position in Intel in the first quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the first quarter valued at about $30,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Intel during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

NASDAQ INTC traded down $0.07 during trading hours on Wednesday, hitting $20.34. 67,088,565 shares of the company's stock traded hands, compared to its average volume of 80,259,520. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $30.87. The company has a market capitalization of $89.03 billion, a PE ratio of -4.26 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The firm's 50-day moving average is $21.61 and its 200-day moving average is $21.52.

Intel (NASDAQ:INTC - Get Free Report) last posted 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). The firm had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. Equities analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 25th. Stifel Nicolaus upped their target price on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen downgraded shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $22.30.

About Intel

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.