Bessemer Group Inc. Raises Holdings in Intel Corporation (NASDAQ:INTC)

Bessemer Group Inc. raised its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 55.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,340 shares of the chip maker's stock after purchasing an additional 35,239 shares during the period. Bessemer Group Inc.'s holdings in Intel were worth $2,232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Cornerstone Advisory LLC boosted 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 purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Intel by 1.0% during the 4th 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 last quarter. Federated Hermes Inc. boosted its stake in Intel by 0.3% during 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. Ausdal Financial Partners Inc. boosted its stake in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Capital International Sarl boosted its stake in Intel by 4.1% during the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after purchasing an additional 510 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ:INTC opened at $22.69 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business's 50-day simple moving average is $20.81 and its two-hundred day simple moving average is $21.13. The stock has a market cap of $98.97 billion, a PE ratio of -5.06 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 quarterly 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 business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. As a group, analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on INTC. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.57.

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.

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