Allianz SE Makes New Investment in Intel Co. (NASDAQ:INTC)

Allianz SE purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 138,885 shares of the chip maker’s stock, valued at approximately $2,763,000.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of INTC stock opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day moving average price is $22.33 and its two-hundred day moving average price is $22.15. The firm has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, research 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.