Generali Investments Management Co LLC Invests $122,000 in Intel Co. (NASDAQ:INTC)

Generali Investments Management Co LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,096 shares of the chip maker’s stock, valued at approximately $122,000.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the third 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 period. Prospera Financial Services Inc increased its holdings in Intel by 1.7% in the third quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock valued at $1,579,000 after buying an additional 1,135 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Intel during the 3rd quarter valued at approximately $6,698,000. Premier Fund Managers Ltd grew its holdings in shares of Intel by 62.3% in the 3rd quarter. Premier Fund Managers Ltd now owns 248,678 shares of the chip maker’s stock worth $5,942,000 after acquiring an additional 95,429 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in Intel in the 3rd quarter valued at approximately $64,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock opened at $24.12 on Thursday. The stock has a 50-day moving average price of $21.77 and a two-hundred day moving average price of $21.95. The company has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41.

Intel (NASDAQ:INTC) last posted its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on INTC shares. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.04.

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.