BNP PARIBAS ASSET MANAGEMENT Holding S.A. Reduces Holdings in Intel Co. (NASDAQ:INTC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in Intel Co. (NASDAQ:INTC) by 32.1% during the third quarter, HoldingsChannel reports. The firm owned 5,338,792 shares of the chip maker’s stock after selling 2,521,794 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Intel were worth $125,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. America First Investment Advisors LLC acquired a new position in Intel during the second quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter worth approximately $27,000. Quest Partners LLC grew its position 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 in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. purchased a new position in Intel during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Insider Transactions at Intel

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

Intel Stock Performance

Shares of Intel stock opened at $24.01 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a 50 day moving average of $23.00 and a 200 day moving average of $26.20.

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 firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, research analysts predict that Intel Co. will post -0.83 EPS for the current fiscal 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.