BNP Paribas Sells 3,140 Shares of Intel Co. (NASDAQ:INTC)

BNP Paribas lowered its position in shares of Intel Co. (NASDAQ:INTC) by 18.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,338 shares of the chip maker’s stock after selling 3,140 shares during the period. BNP Paribas’ holdings in Intel were worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its stake in shares of 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 acquiring an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Intel in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel in the 2nd quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INTC. Roth Mkm lowered their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

INTC stock opened at $23.65 on Thursday. The stock has a market capitalization of $102.00 billion, a PE ratio of -6.36 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $23.38 and its 200 day simple moving average is $25.99.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. As a group, research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

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.