ASR Vermogensbeheer N.V. Purchases Shares of 457,185 Intel Corporation (NASDAQ:INTC)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Intel Corporation worth approximately $10.38 million, purchasing 457,185 shares in the first quarter.
• Analysts have a consensus rating of "Hold" on Intel stock, with a target price of $22.17, following recent research evaluations from multiple firms.
• Intel's latest quarterly earnings report showed an EPS of ($0.10), missing estimates, although revenue reached $12.86 billion, exceeding expectations.

ASR Vermogensbeheer N.V. purchased a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 457,185 shares of the chip maker's stock, valued at approximately $10,383,000.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Intel in the 4th quarter worth approximately $75,000. Federated Hermes Inc. increased its holdings in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares during the last quarter. FMR LLC lifted its holdings in shares of Intel by 4.3% in the 4th quarter. FMR LLC now owns 5,878,501 shares of the chip maker's stock valued at $117,864,000 after acquiring an additional 242,544 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Intel by 4.0% in the 4th quarter. Cerity Partners LLC now owns 875,963 shares of the chip maker's stock valued at $17,882,000 after acquiring an additional 33,390 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new position in Intel in the fourth quarter worth about $221,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTC has been the subject of several analyst reports. Sanford C. Bernstein lowered their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Wedbush lowered their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $22.17.

Intel Stock Up 0.9%

NASDAQ INTC traded up $0.18 during trading on Friday, reaching $19.95. 75,147,129 shares of the company's stock traded hands, compared to its average volume of 84,513,864. The firm has a market cap of $87.32 billion, a price-to-earnings ratio of -4.18 and a beta of 1.22. The company's 50 day simple moving average is $21.56 and its two-hundred day simple moving average is $21.48. 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 Corporation has a 12-month low of $17.67 and a 12-month high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last announced its 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 net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period last year, the business posted $0.02 EPS. The firm's revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal 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.