Lbp Am Sa Increases Position in Intel Corporation (NASDAQ:INTC)

LBP AM SA boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 15.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 721,565 shares of the chip maker's stock after buying an additional 93,892 shares during the quarter. LBP AM SA's holdings in Intel were worth $16,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new position in Intel in the 4th quarter worth $62,654,000. Toronto Dominion Bank raised its holdings in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC raised its holdings in Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Alteri Wealth LLC bought a new position in Intel in the 4th quarter worth $2,379,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after purchasing an additional 35,000 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 0.6%

Shares of NASDAQ:INTC traded down $0.15 during midday trading on Wednesday, reaching $23.44. 70,092,232 shares of the company's stock were exchanged, compared to its average volume of 86,435,862. The firm's 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $21.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a market cap of $102.25 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Susquehanna reduced their price target 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, JPMorgan Chase & Co. reduced their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Five 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.76.

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.