QSM Asset Management Ltd Has $9.85 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

QSM Asset Management Ltd grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 440,724 shares of the chip maker's stock after purchasing an additional 88,150 shares during the period. Intel comprises 7.4% of QSM Asset Management Ltd's portfolio, making the stock its 2nd largest holding. QSM Asset Management Ltd's holdings in Intel were worth $9,850,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at about $1,246,569,000. Two Sigma Advisers LP bought a new stake in shares of Intel in the 4th quarter valued at approximately $289,752,000. Two Sigma Investments LP bought a new stake in shares of Intel in the 4th quarter valued at approximately $237,457,000. Toronto Dominion Bank grew its stake in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after buying an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTC. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. lowered their price target 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 lowered their price target on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.57.

Intel Trading Up 0.8%

INTC traded up $0.19 during midday trading on Friday, reaching $22.69. 95,427,163 shares of the company were exchanged, compared to its average volume of 85,486,298. 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. The stock has a market capitalization of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.12. The stock's 50-day simple moving average is $20.81 and its 200 day simple moving average is $21.13.

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

About Intel

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.