BRIGHT VALLEY CAPITAL Ltd Purchases New Shares in Intel Corporation (NASDAQ:INTC)

Key Points

• BRIGHT VALLEY CAPITAL Ltd has acquired 690,200 shares of Intel Corporation, valued at approximately $15.7 million, making it the firm's 6th largest position.
• Intel's recent earnings report showed a loss of ($0.10) earnings per share, missing analyst expectations despite revenue exceeding projections at $12.86 billion.
• Wall Street analysts have generally rated Intel as a "hold," with an average price target of $22.17, while six analysts have categorized the stock as a sell.

BRIGHT VALLEY CAPITAL Ltd acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 690,200 shares of the chip maker's stock, valued at approximately $15,674,000. Intel accounts for 5.3% of BRIGHT VALLEY CAPITAL Ltd's portfolio, making the stock its 6th biggest holding.

A number of other large investors also recently modified their holdings of the company. Townsquare Capital LLC lifted its position in Intel by 12.3% during the fourth quarter. Townsquare Capital LLC now owns 68,607 shares of the chip maker's stock valued at $1,376,000 after purchasing an additional 7,498 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in Intel during the fourth quarter valued at approximately $270,000. Advisors Capital Management LLC lifted its position in Intel by 19.6% during the fourth quarter. Advisors Capital Management LLC now owns 10,894 shares of the chip maker's stock valued at $218,000 after purchasing an additional 1,786 shares during the last quarter. SageView Advisory Group LLC lifted its position in Intel by 72.1% during the fourth quarter. SageView Advisory Group LLC now owns 16,086 shares of the chip maker's stock valued at $323,000 after purchasing an additional 6,741 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Intel during the fourth quarter valued at approximately $490,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Citigroup reiterated a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Wedbush dropped their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald decreased their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley decreased their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.17.

Intel Trading Up 2.9%

Shares of NASDAQ INTC traded up $0.70 during mid-day trading on Friday, hitting $24.56. The stock had a trading volume of 309,327,791 shares, compared to its average volume of 103,883,248. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The business has a 50 day moving average price of $21.81 and a two-hundred day moving average price of $21.54. The firm has a market cap of $107.50 billion, a P/E ratio of -5.15 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the previous year, the firm earned $0.02 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate 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.