Avos Capital Management LLC Raises Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Avos Capital Management LLC significantly increased its stake in Intel Corporation by 1,048.5%, now owning 14,104 shares valued at approximately $320,000.
• Multiple institutional investors, including Invesco and Mizuho Markets Americas, have also raised their holdings in Intel during the first quarter, reflecting heightened interest in the company.
• Intel's recent quarterly earnings report revealed a loss of ($0.10) per share, which was below analyst expectations, despite a year-over-year revenue increase.

Avos Capital Management LLC grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 1,048.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,104 shares of the chip maker's stock after purchasing an additional 12,876 shares during the period. Avos Capital Management LLC's holdings in Intel were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Two Sigma Advisers LP bought a new position in Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel in the 4th quarter valued at approximately $237,457,000. Goldman Sachs Group Inc. boosted its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after buying an additional 10,719,274 shares during the period. Vanguard Group Inc. boosted its position in shares of Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after buying an additional 8,291,233 shares during the period. Finally, Toronto Dominion Bank boosted its position in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 3.7%

Shares of NASDAQ INTC traded up $0.73 during mid-day trading on Monday, hitting $20.68. The company had a trading volume of 172,891,010 shares, compared to its average volume of 94,041,656. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The company has a market capitalization of $90.52 billion, a PE ratio of -4.34 and a beta of 1.22. The firm has a 50-day simple moving average of $21.58 and a two-hundred day simple moving average of $21.48. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. Wall Street Zen lowered Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $22.17.

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.