Goldman Sachs Group Inc. Raises Stock Holdings in Intel Corporation (NASDAQ:INTC)

Goldman Sachs Group Inc. boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 133.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,758,658 shares of the chip maker's stock after purchasing an additional 10,719,274 shares during the quarter. Goldman Sachs Group Inc. owned about 0.43% of Intel worth $426,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of INTC. Vanguard Group Inc. lifted its stake in Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $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 lifted its position in 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 buying an additional 4,793,927 shares during the last quarter. Northern Trust Corp boosted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares in the last quarter. Deutsche Bank AG boosted its stake in Intel by 14.1% in the fourth quarter. Deutsche Bank AG now owns 24,030,097 shares of the chip maker's stock worth $481,803,000 after buying an additional 2,965,308 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Intel by 2.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,197,729 shares of the chip maker's stock worth $445,064,000 after acquiring an additional 576,788 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on INTC shares. Wedbush cut their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Rosenblatt Securities reissued a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.17.

Intel Trading Down 3.1%

Shares of Intel stock opened at $19.77 on Friday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company's fifty day simple moving average is $21.56 and its 200-day simple moving average is $21.51. 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 stock has a market capitalization of $86.53 billion, a PE ratio of -4.14 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. As a group, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Company 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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