Groupama Asset Managment Has $32,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Groupama Asset Managment raised its holdings in Intel Co. (NASDAQ:INTC) by 6.3% in the third quarter, Holdings Channel.com reports. The fund owned 137,181 shares of the chip maker’s stock after acquiring an additional 8,084 shares during the quarter. Groupama Asset Managment’s holdings in Intel were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its stake in Intel by 3.7% in the third quarter. MML Investors Services LLC now owns 304,166 shares of the chip maker’s stock valued at $7,136,000 after acquiring an additional 10,848 shares during the last quarter. Laraway Financial Advisors Inc lifted its stake in shares of Intel by 19.2% in the third quarter. Laraway Financial Advisors Inc now owns 14,274 shares of the chip maker’s stock worth $335,000 after buying an additional 2,300 shares during the last quarter. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the last quarter. Zacks Investment Management lifted its stake in shares of Intel by 19.5% in the third quarter. Zacks Investment Management now owns 18,875 shares of the chip maker’s stock worth $443,000 after buying an additional 3,079 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in shares of Intel by 4.2% in the third quarter. iA Global Asset Management Inc. now owns 435,891 shares of the chip maker’s stock worth $10,226,000 after buying an additional 17,697 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on INTC shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Finally, Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Stock Down 0.5 %

INTC opened at $20.81 on Tuesday. The firm’s 50-day simple moving average is $23.29 and its 200-day simple moving average is $25.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market cap of $89.75 billion, a price-to-earnings ratio of -5.59 and a beta of 1.05.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

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.