Raiffeisen Bank International AG Purchases New Shares in Intel Co. (NASDAQ:INTC)

Raiffeisen Bank International AG purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 710,152 shares of the chip maker’s stock, valued at approximately $14,076,000.

Several other institutional investors have also recently bought and sold shares of INTC. Norges Bank acquired a new position in shares of Intel during the fourth quarter valued at $1,246,569,000. Assenagon Asset Management S.A. lifted its position 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 valued at $393,323,000 after purchasing an additional 14,227,458 shares during the period. Northern Trust Corp grew its position in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock worth $918,522,000 after buying an additional 6,157,853 shares during the period. Vanguard Group Inc. raised its stake in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Intel by 4,290.4% during the 4th quarter. Lazard Asset Management LLC now owns 6,207,340 shares of the chip maker’s stock valued at $124,456,000 after acquiring an additional 6,065,956 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $21.52 on Thursday. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a market cap of $93.87 billion, a P/E ratio of -4.91 and a beta of 1.15. The firm’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $21.70. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue was down .4% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the subject of several analyst reports. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Citigroup reiterated a “sell” rating on shares of Intel in a report on Friday, April 25th. Rosenblatt Securities reduced their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Finally, Cfra Research raised shares of Intel to a “hold” rating in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $21.67.

Intel 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.