Natixis Advisors LLC Increases Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• Natixis Advisors LLC has increased its stake in Intel Corporation by 67.8%, owning 973,417 shares valued at approximately $22.1 million.
• Intel reported a loss of ($0.10) earnings per share for the last quarter, missing analyst expectations by ($0.11), while revenue increased by 0.5% year-over-year.
• Multiple analysts have a "hold" rating on Intel, with a consensus target price of $22.30.

Natixis Advisors LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 67.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 973,417 shares of the chip maker's stock after purchasing an additional 393,295 shares during the period. Natixis Advisors LLC's holdings in Intel were worth $22,106,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in INTC. Freestone Grove Partners LP purchased a new stake in Intel in the 4th quarter worth approximately $62,654,000. Toronto Dominion Bank raised its position in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares during the period. Alteri Wealth LLC bought a new stake in Intel during the fourth quarter valued at $2,379,000. Finally, Gordian Capital Singapore Pte Ltd grew its position in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Trading Down 2.5%

Shares of INTC opened at $19.31 on Friday. The stock has a market capitalization of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $21.58 and a two-hundred day simple moving average of $21.51.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on INTC shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Loop Capital began coverage on Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.30.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.