Intel Co. (NASDAQ:INTC) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,263,339 shares of the chip maker's stock after purchasing an additional 4,793,927 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.46% of Intel worth $1,268,430,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in INTC. Evergreen Capital Management LLC raised its position in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. boosted its stake in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares in the last quarter. CFM Wealth Partners LLC boosted its stake in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC boosted its stake in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC traded down $0.14 during mid-day trading on Thursday, hitting $20.55. 55,872,909 shares of the company were exchanged, compared to its average volume of 80,817,445. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a 50 day moving average of $21.29 and a 200-day moving average of $21.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $89.64 billion, a price-to-earnings ratio of -4.69 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Susquehanna lowered their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $21.57.

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.