China Universal Asset Management Co. Ltd. Has $2.43 Million Holdings in Intel Corporation (NASDAQ:INTC)

China Universal Asset Management Co. Ltd. increased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 52.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,947 shares of the chip maker's stock after buying an additional 36,757 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Intel were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. Geode Capital Management LLC raised its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after purchasing an additional 4,793,927 shares during the period. Norges Bank purchased a new stake in shares of Intel during the fourth quarter valued at approximately $1,246,569,000. Finally, Northern Trust Corp raised its stake in shares of Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

INTC stock traded up $1.59 during trading on Tuesday, hitting $23.59. The company had a trading volume of 119,274,441 shares, compared to its average volume of 86,483,251. The firm has a market capitalization of $102.90 billion, a price-to-earnings ratio of -5.27 and a beta of 1.15. The business has a 50 day moving average of $21.07 and a 200 day moving average of $21.23. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INTC. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities dropped their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Citigroup reissued a "hold" rating on shares of Intel in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.76.

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.