Asset Management One Co. Ltd. raised its position in Intel Corporation (NASDAQ:INTC - Free Report) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,814,925 shares of the chip maker's stock after purchasing an additional 125,017 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Intel were worth $41,217,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Norges Bank acquired a new position in shares of Intel in the 4th quarter worth approximately $1,246,569,000. Two Sigma Advisers LP acquired a new position in shares of Intel in the 4th quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel in the 4th quarter worth approximately $237,457,000. Toronto Dominion Bank lifted its holdings in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Stock Up 1.4%
Shares of NASDAQ INTC traded up $0.30 during mid-day trading on Thursday, reaching $22.50. The company had a trading volume of 63,083,370 shares, compared to its average volume of 84,832,192. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $21.09. The stock has a market cap of $98.15 billion, a P/E ratio of -5.02 and a beta of 1.12. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company's revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Sell-side analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Wedbush cut their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Mizuho cut their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company cut their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six 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, the stock currently has an average rating of "Hold" and an average price target of $21.57.
Get Our Latest Stock Analysis on INTC
Intel Profile
(
Free Report)
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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