UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Intel Co. (NASDAQ:INTC)

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. Vanguard Group Inc. raised its holdings in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC raised its holdings in Intel by 3.2% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in Intel in the fourth quarter valued at approximately $1,246,569,000. Northern Trust Corp raised its holdings in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after purchasing an additional 3,696,377 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.50 during trading on Friday, hitting $20.05. 67,948,899 shares of the company were exchanged, compared to its average volume of 80,842,220. The company has a market cap of $87.46 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm's fifty day moving average price is $21.07 and its 200 day moving average price is $21.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a report on Wednesday. They set a "hold" rating and a $23.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a report on Friday, April 25th. Finally, Rosenblatt Securities cut their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. 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 stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target 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.