817,410 Shares in Intel Co. (NASDAQ:INTC) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 817,410 shares of the chip maker's stock, valued at approximately $16,389,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cornerstone Advisory LLC lifted its holdings in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares in the last quarter. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares during the last quarter. CFM Wealth Partners LLC lifted its stake in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after buying an additional 500 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on INTC. Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Finally, Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average price target of $21.57.

Intel Stock Performance

NASDAQ INTC opened at $20.05 on Friday. The stock has a fifty day simple moving average of $21.07 and a 200-day simple moving average of $21.62. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $87.46 billion, a PE ratio of -4.58 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.

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