208,772 Shares in Intel Co. (NASDAQ:INTC) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 208,772 shares of the chip maker’s stock, valued at approximately $4,186,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in 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 period. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the fourth quarter valued at $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter valued at about $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of Intel in the fourth quarter worth about $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 3.2 %

INTC opened at $23.42 on Thursday. Intel Co. has a twelve month low of $18.51 and a twelve month 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. The firm has a 50 day moving average price of $22.22 and a 200-day moving average price of $22.09. The stock has a market capitalization of $101.41 billion, a price-to-earnings ratio of -5.35 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly 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 forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $27.04.

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.