Natixis Advisors LLC Acquires 261,264 Shares of Intel Co. (NASDAQ:INTC)

Natixis Advisors LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 81.9% in the fourth quarter, HoldingsChannel reports. The firm owned 580,122 shares of the chip maker’s stock after purchasing an additional 261,264 shares during the quarter. Natixis Advisors LLC’s holdings in Intel were worth $11,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. CFM Wealth Partners LLC lifted its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares during the period. Missouri Trust & Investment Co grew its position in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares during the last quarter. Finally, Riverview Trust Co increased its stake in shares of Intel by 2.0% during the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after purchasing an additional 565 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on INTC. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 6.9 %

Shares of NASDAQ INTC opened at $24.12 on Thursday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. The company has a 50 day simple moving average of $21.77 and a 200 day simple moving average of $21.95.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

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.