Groupama Asset Managment Trims Stake in Intel Co. (NASDAQ:INTC)

Groupama Asset Managment lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 51.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,007 shares of the chip maker’s stock after selling 70,174 shares during the quarter. Groupama Asset Managment’s holdings in Intel were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Intel by 1.7% during the fourth 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 in the last quarter. State Street Corp raised its stake in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the period. Geode Capital Management LLC lifted its position in shares of Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after buying an additional 2,978,346 shares in the last quarter. Norges Bank bought a new position in shares of Intel during the 4th quarter valued at approximately $1,246,569,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock worth $680,472,000 after acquiring an additional 2,248,342 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $21.98 on Thursday. The company has a market capitalization of $95.85 billion, a P/E ratio of -5.02 and a beta of 1.13. The business’s 50-day moving average is $22.36 and its two-hundred day moving average is $22.20. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $41.65.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

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

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.