KBC Group NV Purchases 288,649 Shares of Intel Corporation (NASDAQ:INTC)

KBC Group NV increased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 24.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,454,810 shares of the chip maker's stock after purchasing an additional 288,649 shares during the quarter. KBC Group NV's holdings in Intel were worth $33,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Cornerstone Advisory LLC increased its stake in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC lifted its position in shares of 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 4th 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. Ausdal Financial Partners Inc. increased its position 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 buying an additional 500 shares during the period. Finally, Capital International Sarl increased its position in shares of Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after buying an additional 510 shares during the period. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

INTC traded up $0.53 during midday trading on Thursday, hitting $22.41. 61,175,951 shares of the company traded hands, compared to its average volume of 85,962,527. The company's 50-day moving average is $20.97 and its 200 day moving average is $21.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $97.73 billion, a PE ratio of -5.00 and a beta of 1.15. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The firm's quarterly revenue was down .4% on a year-over-year basis. On average, research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on INTC shares. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday. Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Six equities research 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. According to MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $21.62.

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.