Intel Co. (NASDAQ:INTC) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. increased its position in shares of Intel Co. (NASDAQ:INTC) by 42.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 292,611 shares of the chip maker’s stock after acquiring an additional 87,256 shares during the quarter. Banco Santander S.A.’s holdings in Intel were worth $5,867,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new stake in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its holdings in shares of 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 during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Trading Down 0.5 %

Shares of INTC opened at $20.64 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The stock has a 50-day moving average price of $21.30 and a 200 day moving average price of $21.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS 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.