Generali Investments CEE investicni spolecnost a.s. Sells 30,000 Shares of Intel Corporation (NASDAQ:INTC)

Generali Investments CEE investicni spolecnost a.s. trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 25.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the chip maker's stock after selling 30,000 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Intel were worth $2,044,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in INTC. Vanguard Group Inc. raised its stake in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Intel by 8.2% in 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 worth $1,268,430,000 after acquiring an additional 4,793,927 shares in the last quarter. Norges Bank purchased a new stake in shares of Intel during the 4th quarter worth $1,246,569,000. Finally, Northern Trust Corp boosted its position in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTC. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Wedbush reduced their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel has a consensus rating of "Hold" and an average price target of $21.62.

Intel Stock Performance

Shares of INTC stock opened at $22.41 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.93 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 $37.16. The business's 50 day moving average is $21.04 and its two-hundred day moving average is $21.18. The company has a market capitalization of $97.73 billion, a P/E ratio of -5.00 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Analysts expect 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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