LBP AM SA lifted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 15.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 721,565 shares of the chip maker's stock after purchasing an additional 93,892 shares during the quarter. LBP AM SA's holdings in Intel were worth $16,387,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new position in Intel during the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new position in Intel during the 1st quarter valued at $30,000. Olde Wealth Management LLC purchased a new position in Intel during the 1st quarter valued at $31,000. Conquis Financial LLC purchased a new position in Intel during the 4th quarter valued at $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Intel during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Sanford C. Bernstein decreased their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel currently has an average rating of "Hold" and a consensus price target of $21.76.
Check Out Our Latest Analysis on INTC
Intel Stock Up 1.6%
Shares of INTC stock traded up $0.38 during trading hours on Thursday, reaching $23.82. 54,513,208 shares of the company's stock were exchanged, compared to its average volume of 86,400,606. The stock's 50 day moving average is $21.27 and its 200-day moving average is $21.29. The company has a market cap of $103.90 billion, a price-to-earnings ratio of -5.32 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. 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 issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for 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%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. Analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.
About Intel
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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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