BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 2,796,203 Shares of Intel Corporation $INTC

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Intel Corporation by 57.3%, acquiring an additional 2,796,203 shares during the first quarter.
• Intel's recent earnings report showed a loss of ($0.10) EPS, missing analyst expectations, despite revenues of $12.86 billion.
• The stock is currently rated as a "Hold" by analysts, with a consensus target price of $22.17, reflecting cautious investor sentiment.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,677,966 shares of the chip maker's stock after acquiring an additional 2,796,203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.18% of Intel worth $174,366,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel during the 1st quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Intel during the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Intel during the first quarter worth about $30,000. Finally, Olde Wealth Management LLC bought a new stake in Intel in the first quarter worth about $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ INTC opened at $24.56 on Monday. The company has a market cap of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. The firm's 50 day moving average price is $21.81 and its 200-day moving average price is $21.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. 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) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INTC shares. Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price objective on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $22.17.

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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