Edmond DE Rothschild Holding S.A. Acquires 3,457 Shares of Intel Co. (NASDAQ:INTC)

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,707 shares of the chip maker’s stock after purchasing an additional 3,457 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Intel were worth $756,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of INTC. Norges Bank acquired a new stake in shares of Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. grew its holdings in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Finally, State Street Corp boosted its position in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

NASDAQ:INTC opened at $22.05 on Wednesday. The company has a market capitalization of $95.48 billion, a P/E ratio of -5.03 and a beta of 1.02. The business has a fifty day simple moving average of $22.36 and a two-hundred day simple moving average of $22.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1 year low of $18.51 and a 1 year high of $44.08.

Intel (NASDAQ:INTC) last announced 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, analysts expect 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.