Intel Co. (NASDAQ:INTC) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Intel Co. (NASDAQ:INTC) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,166,161 shares of the chip maker’s stock after purchasing an additional 30,397 shares during the quarter. KBC Group NV’s holdings in Intel were worth $23,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at $25,000. FSA Wealth Management LLC acquired a new position in shares of Intel during the third quarter valued at $34,000. Capital Performance Advisors LLP bought a new position in shares of Intel during the third quarter worth about $36,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter worth about $31,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on INTC. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.88.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.80 on Wednesday. The company’s fifty day moving average is $21.14 and its two-hundred day moving average is $22.76. The company has a market cap of $85.40 billion, a P/E ratio of -5.32, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. 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 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

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

Intel 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.