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Intel Corporation (NASDAQ:INTC) Stake Boosted by AIA Group Ltd

Intel logo with Computer and Technology background

AIA Group Ltd increased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 171.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,987 shares of the chip maker's stock after purchasing an additional 56,790 shares during the quarter. AIA Group Ltd's holdings in Intel were worth $2,044,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Intel by 4.3% during the fourth quarter. FMR LLC now owns 5,878,501 shares of the chip maker's stock valued at $117,864,000 after purchasing an additional 242,544 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Intel during the fourth quarter valued at about $53,465,000. Bessemer Group Inc. raised its stake in shares of Intel by 1.1% during the fourth quarter. Bessemer Group Inc. now owns 63,101 shares of the chip maker's stock valued at $1,265,000 after purchasing an additional 715 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Intel by 12.3% during the fourth quarter. Townsquare Capital LLC now owns 68,607 shares of the chip maker's stock valued at $1,376,000 after purchasing an additional 7,498 shares in the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Intel during the fourth quarter valued at about $270,000. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 3.7%

Shares of NASDAQ INTC opened at $20.68 on Tuesday. The stock has a market cap of $90.52 billion, a price-to-earnings ratio of -4.34 and a beta of 1.22. The business has a 50 day simple moving average of $21.58 and a 200 day simple moving average of $21.48. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. raised their price objective on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. Stifel Nicolaus boosted their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of "Hold" and an average price target of $22.17.

View Our Latest Analysis on INTC

About Intel

(Free Report)

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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