Intel Co. (NASDAQ:INTC) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in shares of Intel Co. (NASDAQ:INTC) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399,078 shares of the chip maker’s stock after acquiring an additional 74,179 shares during the period. CIBC Asset Management Inc’s holdings in Intel were worth $28,052,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Finley Financial LLC acquired a new position in Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $29,000. Quest Partners LLC raised its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment increased its position in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on INTC. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Bank of America reissued an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Barclays 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, January 17th. Finally, Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

Intel stock opened at $23.60 on Tuesday. The stock has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. 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 business’s 50-day simple moving average is $20.33 and its 200 day simple moving average is $21.55.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current 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.