BI Asset Management Fondsmaeglerselskab A S Has $6.45 Million Holdings in Intel Co. (NASDAQ:INTC)

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Intel Co. (NASDAQ:INTC) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 321,726 shares of the chip maker’s stock after purchasing an additional 24,945 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Intel were worth $6,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in INTC. Capital International Inc. CA boosted its position in shares of Intel by 36.8% in the fourth quarter. Capital International Inc. CA now owns 155,345 shares of the chip maker’s stock valued at $3,115,000 after acquiring an additional 41,780 shares during the period. Formula Growth Ltd. bought a new stake in Intel in the 4th quarter valued at about $1,303,000. Forum Financial Management LP grew its position in shares of Intel by 11.3% during the 4th quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker’s stock worth $1,642,000 after purchasing an additional 8,289 shares in the last quarter. Belmont Capital LLC increased its holdings in shares of Intel by 871.3% during the fourth quarter. Belmont Capital LLC now owns 11,656 shares of the chip maker’s stock worth $234,000 after purchasing an additional 10,456 shares during the period. Finally, Capital International Sarl raised its position in shares of Intel by 4.1% in the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker’s stock valued at $260,000 after buying an additional 510 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $18.93 on Friday. The stock has a market capitalization of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. The business’s 50 day simple moving average is $22.34 and its 200 day simple moving average is $21.96. 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 one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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%. As a group, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on INTC shares. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. UBS Group decreased their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Susquehanna reduced their price objective on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $25.38.

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.