E Fund Management Hong Kong Co. Ltd. Acquires 35,075 Shares of Intel Corporation (NASDAQ:INTC)

E Fund Management Hong Kong Co. Ltd. lifted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 10,108.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,422 shares of the chip maker's stock after purchasing an additional 35,075 shares during the period. Intel accounts for approximately 0.7% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 18th largest position. E Fund Management Hong Kong Co. Ltd.'s holdings in Intel were worth $804,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Intel in the fourth quarter worth about $1,246,569,000. Two Sigma Advisers LP purchased a new stake in Intel in the 4th quarter worth approximately $289,752,000. Two Sigma Investments LP purchased a new stake in Intel in the 4th quarter worth approximately $237,457,000. Toronto Dominion Bank raised its stake in Intel by 286.8% during 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 period. Finally, Northern Trust Corp lifted its holdings in 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 in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 0.5%

Shares of NASDAQ INTC opened at $21.19 on Tuesday. 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 Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The firm's 50-day moving average price is $20.55 and its 200-day moving average price is $21.07. The stock has a market capitalization of $92.43 billion, a price-to-earnings ratio of -4.73 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last issued 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. The company 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 firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Mizuho cut their price target on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Morgan Stanley decreased their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. dropped their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Finally, UBS Group cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.57.

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.

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