First PREMIER Bank Raises Position in Intel Corporation (NASDAQ:INTC)

First PREMIER Bank raised its stake in Intel Corporation (NASDAQ:INTC) by 33.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,255 shares of the chip maker’s stock after buying an additional 1,565 shares during the quarter. First PREMIER Bank’s holdings in Intel were worth $142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC grew its holdings in Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Norges Bank bought a new position in Intel during the fourth quarter valued at $1,246,569,000. Finally, Northern Trust Corp grew its holdings in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 1.9%

NASDAQ INTC opened at $21.08 on Friday. The stock’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $21.08. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $91.95 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INTC shares. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, April 25th. Barclays restated a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $21.57.

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.