Erste Asset Management GmbH Has $13.64 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Erste Asset Management GmbH raised its holdings in Intel Co. (NASDAQ:INTC) by 83.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 680,145 shares of the chip maker’s stock after acquiring an additional 308,416 shares during the quarter. Erste Asset Management GmbH’s holdings in Intel were worth $13,637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Finley Financial LLC bought a new position in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter valued at $29,000. Finally, Quest Partners LLC grew its position in Intel by 7,370.6% in 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 last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research reports. Citigroup reduced their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.04.

Intel Price Performance

Shares of INTC opened at $23.70 on Friday. The stock has a market cap of $102.62 billion, a P/E ratio of -5.41 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock’s 50-day moving average price is $21.38 and its two-hundred day moving average price is $21.81. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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%. On average, equities analysts predict 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.