Commerzbank Aktiengesellschaft FI Cuts Position in Intel Co. (NASDAQ:INTC)

Commerzbank Aktiengesellschaft FI lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 48.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 351,115 shares of the chip maker’s stock after selling 334,128 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Intel were worth $7,040,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC grew its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter valued at about $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $22.74 on Tuesday. The firm has a 50 day moving average of $21.26 and a two-hundred day moving average of $21.82. The stock has a market capitalization of $98.46 billion, a PE ratio of -5.19 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 $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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%. On average, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Five 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.88.

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.