Aster Capital Management DIFC Ltd Acquires Shares of 3,739 Intel Co. (NASDAQ:INTC)

Aster Capital Management DIFC Ltd acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,739 shares of the chip maker’s stock, valued at approximately $75,000.

A number of other large investors have also recently made changes to their positions in INTC. Vanguard Group Inc. grew its position in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. Norges Bank purchased a new position in shares of Intel in the 4th quarter worth approximately $1,246,569,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock worth $680,472,000 after purchasing an additional 2,248,342 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Intel by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock valued at $613,855,000 after purchasing an additional 86,483 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

NASDAQ INTC opened at $18.13 on Wednesday. The company has a market cap of $79.06 billion, a PE ratio of -4.14 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $38.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm’s 50 day moving average price is $22.28 and its 200-day moving average price is $22.15.

Intel (NASDAQ:INTC) last announced its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on INTC. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Barclays dropped 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, January 17th. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.58.

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.