Intel Corporation (NASDAQ:INTC) Position Increased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in Intel Corporation by 16.4%, owning approximately 27.98 million shares valued at $635.37 million as of its latest SEC filing.
• Intel reported a negative EPS of ($0.10) for the latest quarter, missing analyst estimates, despite a slight year-over-year revenue increase of 0.5% to $12.86 billion.
• Currently, 64.53% of Intel's stock is owned by institutional investors, while the company holds an average rating of "Hold" with a consensus target price of $22.17.

Deutsche Bank AG lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 16.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 27,977,717 shares of the chip maker's stock after buying an additional 3,947,620 shares during the quarter. Deutsche Bank AG owned approximately 0.64% of Intel worth $635,374,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of INTC. Two Sigma Advisers LP acquired a new position in Intel in the fourth quarter valued at approximately $289,752,000. Two Sigma Investments LP acquired a new position in Intel during the 4th quarter valued at approximately $237,457,000. Goldman Sachs Group Inc. grew its stake in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after buying an additional 10,719,274 shares during the last quarter. Vanguard Group Inc. increased its position in Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after buying an additional 8,291,233 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Intel stock opened at $20.41 on Thursday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The firm's 50 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 company has a market cap of $89.33 billion, a P/E ratio of -4.28 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the prior year, the business posted $0.02 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. UBS Group lifted their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Loop Capital assumed coverage on Intel in a research note on Monday, July 21st. They set a "hold" rating and a $25.00 target price on the stock. Finally, Sanford C. Bernstein decreased their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Six 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. Based on data from MarketBeat, Intel currently has an average rating of "Hold" and a consensus target price of $22.17.

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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