iA Global Asset Management Inc. Raises Holdings in Intel Co. (NASDAQ:INTC)

iA Global Asset Management Inc. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 464,877 shares of the chip maker’s stock after purchasing an additional 28,986 shares during the quarter. iA Global Asset Management Inc.’s holdings in Intel were worth $9,321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dunhill Financial LLC boosted its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. CFM Wealth Partners LLC boosted its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its position in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares in the last quarter. Missouri Trust & Investment Co boosted its position in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares in the last quarter. Finally, Riverview Trust Co boosted its position in Intel by 2.0% during the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 6.9 %

Shares of NASDAQ INTC opened at $24.12 on Thursday. The stock has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. 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 Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The business has a 50-day moving average price of $21.77 and a 200 day moving average price of $21.95.

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 analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

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.