KBC Group NV lifted its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,492,631 shares of the chip maker’s stock after acquiring an additional 37,821 shares during the quarter. KBC Group NV’s holdings in Intel were worth $33,435,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new stake in shares of Intel during the 1st quarter valued at about $25,000. HFM Investment Advisors LLC acquired a new stake in Intel during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Intel in the 1st quarter worth about $27,000. West Branch Capital LLC purchased a new stake in shares of Intel in the second quarter valued at $28,000. Finally, PrairieView Partners LLC boosted its holdings in shares of Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Stock Up 0.0%
Shares of NASDAQ:INTC opened at $37.89 on Thursday. The business has a fifty day simple moving average of $34.19 and a 200 day simple moving average of $26.12. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $42.48. The firm has a market cap of $181.00 billion, a P/E ratio of 3,792.79 and a beta of 1.31.
Analysts Set New Price Targets
INTC has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Intel in a report on Wednesday, October 8th. DZ Bank restated a “sell” rating on shares of Intel in a research report on Friday, October 24th. UBS Group lifted their price objective on Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Citigroup restated a “sell” rating and set a $29.00 price objective (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intel from $21.00 to $30.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $34.84.
Get Our Latest Analysis on Intel
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.
Read More
- Five stocks we like better than Intel
- What is an Earnings Surprise?
- As Warren Buffett Nears His Exit, Berkshire’s Amassed Record Cash
- How to Most Effectively Use the MarketBeat Earnings Screener
- Rare Earth Stocks: The Truce That Isn’t a Truce
- 10 Best Airline Stocks to Buy
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.
