Commerzbank Aktiengesellschaft FI Boosts Stock Holdings in Intel Corporation (NASDAQ:INTC)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 30.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 457,040 shares of the chip maker's stock after purchasing an additional 105,925 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Intel were worth $10,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Proficio Capital Partners LLC acquired a new position in Intel in the 4th quarter valued at $1,789,000. Natixis Advisors LLC grew its position in Intel by 81.9% in the 4th quarter. Natixis Advisors LLC now owns 580,122 shares of the chip maker's stock worth $11,631,000 after purchasing an additional 261,264 shares during the last quarter. Parallel Advisors LLC grew its position in Intel by 6.7% in the 4th quarter. Parallel Advisors LLC now owns 82,253 shares of the chip maker's stock worth $1,649,000 after purchasing an additional 5,166 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Intel by 0.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker's stock worth $4,356,000 after purchasing an additional 743 shares during the last quarter. Finally, Horizon Investments LLC grew its position in Intel by 74.2% in the 4th quarter. Horizon Investments LLC now owns 165,976 shares of the chip maker's stock worth $3,328,000 after purchasing an additional 70,710 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Stock Up 1.3%

INTC traded up $0.30 during trading hours on Friday, hitting $23.10. 60,111,927 shares of the company's stock were exchanged, compared to its average volume of 86,265,232. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $33.41. The stock's 50-day moving average is $21.57 and its two-hundred day moving average is $21.41. The stock has a market cap of $100.76 billion, a price-to-earnings ratio of -5.16 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 36.19% and a negative return on equity of 3.15%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. Sell-side analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on INTC. Susquehanna decreased their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Cfra Research raised shares of Intel to a "hold" rating in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $21.95.

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.