492,800 Shares in Intel Corporation (NASDAQ:INTC) Bought by Nan Fung Trinity HK Ltd.

Key Points

• Nan Fung Trinity HK Ltd. has acquired 492,800 shares of Intel Corporation, valued at approximately $11.2 million, positioning the stock as the 23rd biggest in its investment portfolio.
• Intel's latest earnings report revealed a loss of ($0.10) earnings per share, falling short of analyst estimates, while revenues were higher than expected at $12.86 billion.
• Analysts hold a mixed outlook on Intel, with an average rating of "Hold" and a price target of $22.30, suggesting uncertain growth moving forward.

Nan Fung Trinity HK Ltd. bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 492,800 shares of the chip maker's stock, valued at approximately $11,191,000. Intel accounts for approximately 1.8% of Nan Fung Trinity HK Ltd.'s investment portfolio, making the stock its 23rd largest holding.

A number of other large investors have also recently modified their holdings of INTC. Cornerstone Advisory LLC raised its stake in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. boosted its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after buying an additional 486 shares during the period. Finally, one8zero8 LLC boosted its stake in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INTC shares. Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Morgan Stanley cut their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Finally, Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned 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 $22.30.

Intel Trading Down 0.3%

Shares of NASDAQ:INTC traded down $0.07 during midday trading on Wednesday, reaching $20.34. 67,088,565 shares of the company's stock were exchanged, compared to its average volume of 80,259,520. The firm's 50 day simple moving average is $21.61 and its two-hundred day simple moving average is $21.52. The stock has a market cap of $89.03 billion, a price-to-earnings ratio of -4.26 and a beta of 1.15. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $30.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same period last year, the business posted $0.02 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.