Union Bancaire Privee UBP SA Takes Position in Intel Co. (NASDAQ:INTC)

Union Bancaire Privee UBP SA acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,234 shares of the chip maker’s stock, valued at approximately $45,000.

A number of other hedge funds also recently bought and sold shares of INTC. Finley Financial LLC bought a new position in shares of Intel in the 4th quarter worth $25,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter worth about $29,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment grew its position in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTC. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, UBS Group cut their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.88.

Intel Trading Down 5.3 %

INTC stock opened at $22.99 on Wednesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The business’s 50-day moving average is $20.96 and its 200 day moving average is $21.73. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $99.55 billion, a price-to-earnings ratio of -5.25 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

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.