Headwater Capital Co Ltd Purchases Shares of 300,000 Intel Corporation (NASDAQ:INTC)

Key Points

• Headwater Capital Co Ltd acquired 300,000 shares of Intel Corporation, valued at approximately $6.81 million, making it the firm's 8th largest holding at 3.1% of its total assets.
• Wall Street analysts have a consensus rating of "Hold" for Intel, with recent price targets ranging from $22.00 to $24.00.
• Intel reported a loss of $0.10 per share in its latest earnings results, missing the consensus estimate, despite a year-over-year revenue increase of 0.5% to $12.86 billion.

Headwater Capital Co Ltd purchased a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 300,000 shares of the chip maker's stock, valued at approximately $6,813,000. Intel makes up 3.1% of Headwater Capital Co Ltd's holdings, making the stock its 8th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Intel in the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel in the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel in the 1st quarter worth approximately $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter worth approximately $27,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel in the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTC. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price objective for the company. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Six analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.30.

Intel Trading Down 2.5%

Shares of NASDAQ:INTC opened at $19.31 on Friday. The business's 50-day moving average is $21.58 and its 200 day moving average is $21.51. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The firm has a market capitalization of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period in the prior year, the company earned $0.02 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. On average, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

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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