Alliancebernstein L.P. Has $176.53 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Alliancebernstein L.P. increased its position in shares of Intel Co. (NASDAQ:INTC) by 30.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,804,632 shares of the chip maker’s stock after purchasing an additional 2,047,384 shares during the quarter. Alliancebernstein L.P.’s holdings in Intel were worth $176,533,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Norges Bank acquired a new stake in shares of Intel in the fourth quarter valued at $1,246,569,000. Assenagon Asset Management S.A. grew its holdings in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Intel by 2.8% in 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 last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $22.05 on Wednesday. The stock has a market cap of $95.48 billion, a P/E ratio of -5.03 and a beta of 1.02. The company has a fifty day moving average price of $22.36 and a two-hundred day moving average price of $22.20. Intel Co. has a one year low of $18.51 and a one year high of $44.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of a number of research reports. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Cantor Fitzgerald boosted their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.04.

Intel Company 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.