DekaBank Deutsche Girozentrale Buys 208,584 Shares of Intel Corporation (NASDAQ:INTC)

DekaBank Deutsche Girozentrale increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,050,017 shares of the chip maker's stock after acquiring an additional 208,584 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Intel worth $67,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the first quarter valued at about $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. bought a new stake in Intel during the first quarter worth $32,000. Olde Wealth Management LLC bought a new stake in shares of Intel in the 1st quarter worth $31,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Intel during the 1st quarter worth approximately $33,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

NASDAQ:INTC opened at $23.59 on Wednesday. The firm has a market capitalization of $102.90 billion, a price-to-earnings ratio of -5.27 and a beta of 1.15. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $37.16. The stock has a fifty day moving average of $21.13 and a 200 day moving average of $21.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the company earned $0.18 earnings per share. The firm's quarterly revenue was down .4% on a year-over-year basis. On average, research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTC. Mizuho boosted their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. cut their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average target price of $21.76.

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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