Impax Asset Management Group plc Buys New Shares in Intel Corporation (NASDAQ:INTC)

Impax Asset Management Group plc bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,093 shares of the chip maker's stock, valued at approximately $638,000.

A number of other institutional investors have also modified their holdings of the stock. Cornerstone Advisory LLC grew its stake in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares during the period. Finally, Capital International Sarl lifted its holdings in Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after acquiring an additional 510 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Susquehanna reduced their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. UBS Group decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Mizuho boosted their target price on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price for the company. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus target price of $21.76.

Intel Stock Performance

Shares of NASDAQ INTC traded down $0.49 during midday trading on Monday, hitting $22.00. 80,616,506 shares of the stock traded hands, compared to its average volume of 86,351,340. The firm has a 50-day moving average of $21.04 and a two-hundred day moving average of $21.21. The firm has a market capitalization of $95.96 billion, a P/E ratio of -4.91 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. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the prior year, the firm earned $0.18 EPS. The company's revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.