Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Takes $10.03 Million Position in Intel Co. (NASDAQ:INTC)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 500,000 shares of the chip maker’s stock, valued at approximately $10,025,000. Intel comprises approximately 7.7% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s portfolio, making the stock its 7th biggest holding.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the period. State Street Corp increased its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the period. Geode Capital Management LLC raised its stake in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Norges Bank bought a new stake in Intel in the 4th quarter valued at about $1,246,569,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after purchasing an additional 12,865,308 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTC. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. cut their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Up 0.9 %

INTC opened at $23.62 on Friday. The business’s fifty day simple moving average is $22.30 and its 200 day simple moving average is $22.10. The stock has a market cap of $102.27 billion, a PE ratio of -5.39 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 expect that Intel Co. will post -0.11 earnings per share 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.