Intel Co. (NASDAQ:INTC) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Intel Co. (NASDAQ:INTC) by 27.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,069,979 shares of the chip maker’s stock after acquiring an additional 655,520 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Intel were worth $61,553,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in Intel in the 4th 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 purchased a new stake in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter worth $29,000. Finally, Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTC. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Shares of INTC stock opened at $20.64 on Monday. The company has a market capitalization of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. The firm has a fifty day simple moving average of $21.30 and a 200-day simple moving average of $21.81. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63.

Intel (NASDAQ:INTC) last announced its 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%. Equities 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.