Vontobel Holding Ltd. Reduces Stock Holdings in Intel Corporation (NASDAQ:INTC)

Vontobel Holding Ltd. decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 779,631 shares of the chip maker's stock after selling 369,571 shares during the quarter. Vontobel Holding Ltd.'s holdings in Intel were worth $17,705,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Intel during the 4th quarter valued at approximately $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel during the fourth quarter valued at approximately $289,752,000. Two Sigma Investments LP bought a new position in shares of Intel during the fourth quarter valued at approximately $237,457,000. Toronto Dominion Bank lifted its stake 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 acquiring an additional 7,806,882 shares during the period. Finally, Northern Trust Corp lifted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of Intel stock traded up $0.53 during trading on Thursday, hitting $22.41. 61,175,951 shares of the company's stock traded hands, compared to its average volume of 86,210,114. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The business has a 50-day simple moving average of $20.97 and a 200-day simple moving average of $21.16. The stock has a market capitalization of $97.73 billion, a P/E ratio of -5.00 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 (NASDAQ:INTC - Get Free Report) last posted 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. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wedbush decreased their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Susquehanna decreased 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. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Cantor Fitzgerald cut their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Six research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $21.62.

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.