Generali Asset Management SPA SGR Takes Position in Intel Co. (NASDAQ:INTC)

Generali Asset Management SPA SGR purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 254,254 shares of the chip maker’s stock, valued at approximately $5,098,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dunhill Financial LLC boosted its stake 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 buying an additional 438 shares during the last quarter. CFM Wealth Partners LLC boosted its stake 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 buying an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its stake 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 buying an additional 508 shares during the last quarter. Missouri Trust & Investment Co boosted its stake 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 buying an additional 550 shares during the last quarter. Finally, Riverview Trust Co raised its position in Intel by 2.0% in the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock valued at $573,000 after purchasing an additional 565 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Cantor Fitzgerald lifted their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Trading Up 0.9 %

NASDAQ:INTC opened at $25.92 on Wednesday. The stock has a 50-day simple moving average of $21.68 and a 200-day simple moving average of $21.93. The stock has a market cap of $112.23 billion, a P/E ratio of -5.92 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 company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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