Lbp Am Sa Has $16.39 Million Stake in Intel Corporation (NASDAQ:INTC)

LBP AM SA increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Assetmark Inc. grew its holdings in shares of Intel by 121.8% in the 4th quarter. Assetmark Inc. now owns 5,286 shares of the chip maker's stock valued at $106,000 after buying an additional 2,903 shares during the period. Proficio Capital Partners LLC acquired a new position in Intel in the 4th quarter worth $1,789,000. Raymond James Financial Inc. bought a new position in Intel during the 4th quarter worth about $53,465,000. Callan Family Office LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $279,000. Finally, OFI Invest Asset Management bought a new stake in shares of Intel in the fourth quarter valued at about $265,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

INTC traded down $0.39 on Friday, hitting $23.43. 49,292,320 shares of the stock were exchanged, compared to its average volume of 86,252,607. The business has a 50-day moving average of $21.27 and a two-hundred day moving average of $21.29. The firm has a market capitalization of $102.20 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.