UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 4,793,927 Shares of Intel Co. (NASDAQ:INTC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,263,339 shares of the chip maker’s stock after purchasing an additional 4,793,927 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Intel were worth $1,268,430,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Intel by 1.7% during 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Intel by 3.2% during the fourth 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 bought a new stake in Intel during the 4th quarter valued at $1,246,569,000. Northern Trust Corp grew its holdings in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after buying an additional 6,157,853 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Intel by 9.4% in the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock valued at $863,931,000 after purchasing an additional 3,696,377 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 1.3%

Intel stock opened at $21.38 on Tuesday. Intel Co. has a twelve month low of $17.67 and a twelve 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. The company has a 50 day moving average of $21.41 and a 200-day moving average of $21.66. The stock has a market capitalization of $93.26 billion, a PE ratio of -4.88 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of research reports. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a report on Wednesday, April 30th. Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.67.

Intel Company 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.