Intel Co. (NASDAQ:INTC) Shares Bought by BNP Paribas

BNP Paribas lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,391 shares of the chip maker’s stock after purchasing an additional 5,053 shares during the quarter. BNP Paribas’ holdings in Intel were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. lifted its position in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Intel during the 4th quarter valued at about $276,000. Freestone Grove Partners LP bought a new position in Intel in the 4th quarter worth about $62,654,000. Finally, InvesTrust acquired a new stake in shares of Intel in the fourth quarter valued at approximately $3,696,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on INTC shares. JPMorgan Chase & Co. decreased their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.23.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.62 on Monday. The company’s fifty day moving average is $21.47 and its two-hundred day moving average is $21.76. The company has a market cap of $89.94 billion, a P/E ratio of -4.71 and a beta of 1.15. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. 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 (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. Intel’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.