Generali Asset Management SPA SGR Buys New Position in Intel Co. (NASDAQ:INTC)

Generali Asset Management SPA SGR acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 254,254 shares of the chip maker’s stock, valued at approximately $5,098,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new stake in Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter valued at approximately $29,000. Finally, Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock opened at $25.92 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The stock’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $21.93. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on INTC shares. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Rosenblatt Securities reissued a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.04.

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.