Intel Co. (NASDAQ:INTC) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of Intel Co. (NASDAQ:INTC) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,076,437 shares of the chip maker’s stock after acquiring an additional 502,543 shares during the quarter. Handelsbanken Fonder AB’s holdings in Intel were worth $41,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of INTC. Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new position in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in Intel during the third quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Intel in the third quarter valued at $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTC shares. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. 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 report on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.88.

Intel Trading Up 1.4 %

NASDAQ:INTC opened at $26.09 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock has a market cap of $112.97 billion, a P/E ratio of -5.96 and a beta of 1.08. The stock has a 50-day simple moving average of $20.64 and a 200-day simple moving average of $21.59.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts anticipate that Intel Co. will post -0.11 earnings per share 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.