Gulf International Bank UK Ltd Has $5.67 Million Stock Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Intel Corporation by 25.4%, holding 249,513 shares valued at approximately $5.67 million after selling 85,121 shares in the 1st quarter.
• Intel's latest quarterly earnings report showed a loss of ($0.10) EPS, missing expectations, despite a year-over-year revenue increase of 0.5% to $12.86 billion.
• Analysts have a consensus rating of "Hold" for Intel stock, with a target price of $22.17, and several firms have recently adjusted their ratings, including a downgrade to "sell" from Wall Street Zen.

Gulf International Bank UK Ltd reduced its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,513 shares of the chip maker's stock after selling 85,121 shares during the quarter. Gulf International Bank UK Ltd's holdings in Intel were worth $5,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in Intel in the 1st quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel in the 1st quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new position in Intel in the 1st quarter worth $30,000. Finally, Olde Wealth Management LLC acquired a new position in Intel in the 1st quarter worth $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.81 on Wednesday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company's 50-day moving average is $21.61 and its 200 day moving average is $21.48. The stock has a market capitalization of $95.46 billion, a P/E ratio of -4.57 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the previous year, the firm earned $0.02 EPS. The company's revenue was up .5% on a year-over-year basis. On average, sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Cfra Research raised shares of Intel to a "hold" rating in a report on Friday, April 25th. Finally, Rosenblatt Securities reaffirmed a "sell" rating and issued a $14.00 target price on shares of Intel in a report on Friday, July 25th. Six research 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $22.17.

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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