GF Fund Management CO. LTD. Increases Stake in Intel Corporation (NASDAQ:INTC)

GF Fund Management CO. LTD. grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 832,271 shares of the chip maker's stock after buying an additional 14,861 shares during the period. GF Fund Management CO. LTD.'s holdings in Intel were worth $18,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Intel by 1.7% during 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 acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intel by 3.2% during the 4th 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 in the last quarter. Norges Bank bought a new stake in shares of Intel in the fourth quarter worth about $1,246,569,000. Finally, Northern Trust Corp increased its holdings in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Up 2.4%

INTC traded up $0.53 on Friday, hitting $22.41. The company had a trading volume of 61,175,951 shares, compared to its average volume of 86,210,114. The stock has a market capitalization of $97.73 billion, a price-to-earnings ratio of -5.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The stock has a fifty day moving average price of $20.99 and a 200-day moving average price of $21.17. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. Analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on INTC shares. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Rosenblatt Securities lowered their target price on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus price target of $21.62.

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.