Itau Unibanco Holding S.A. Has $2.52 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Itau Unibanco Holding S.A. reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 54.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,160 shares of the chip maker's stock after selling 149,973 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Intel were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of INTC. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

INTC stock traded up $0.64 during midday trading on Friday, hitting $20.62. 63,092,152 shares of the company traded hands, compared to its average volume of 79,653,033. The business has a 50 day simple moving average of $21.47 and a 200-day simple moving average of $21.77. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a market capitalization of $89.92 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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 analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.23.

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.