Robeco Institutional Asset Management B.V. Acquires 25,041 Shares of Intel Corporation (NASDAQ:INTC)

Robeco Institutional Asset Management B.V. raised its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,552,139 shares of the chip maker's stock after buying an additional 25,041 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Intel were worth $35,249,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in shares of Intel in the 4th quarter worth about $62,654,000. Clifford Swan Investment Counsel LLC lifted its holdings in Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after buying an additional 15,214 shares during the period. Toronto Dominion Bank lifted its holdings in 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 during the period. 180 Wealth Advisors LLC boosted its position in Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $2,379,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. 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. Wedbush lowered their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. UBS Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Cantor Fitzgerald cut their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.57.

Intel Price Performance

NASDAQ INTC traded up $0.19 during trading on Friday, hitting $22.69. 95,427,163 shares of the stock traded hands, compared to its average volume of 85,486,298. The company has a market capitalization of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.12. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a 50-day simple moving average of $20.81 and a 200-day simple moving average of $21.13. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

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

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.