Intel Corporation (NASDAQ:INTC) Stock Position Boosted by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC significantly increased its stake in Intel Corporation by 386.2%, owning 98,569 shares valued at approximately $2.24 million as of the end of the first quarter.
• Intel's latest quarterly earnings report showed a loss of ($0.10) EPS, falling short of analyst expectations, despite revenue growing by 0.5% year-over-year to $12.86 billion.
• Wall Street analysts have mixed sentiments on Intel, with a consensus rating of "Hold" and an average price target of $22.30, as several analysts recently adjusted their price objectives.

Knights of Columbus Asset Advisors LLC boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 386.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,569 shares of the chip maker's stock after buying an additional 78,296 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Intel were worth $2,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. LFA Lugano Financial Advisors SA bought a new position in shares of Intel during the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. bought a new position in shares of Intel during the 1st quarter valued at about $32,000. Olde Wealth Management LLC bought a new position in shares of Intel during the 1st quarter valued at about $31,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Intel during the 1st quarter valued at about $33,000. Institutional investors own 64.53% of the company's stock.

Intel Trading Down 8.5%

Shares of INTC stock opened at $20.70 on Friday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $31.56. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $21.64 and its two-hundred day moving average is $21.49. The company has a market cap of $90.29 billion, a PE ratio of -4.34 and a beta of 1.15.

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). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Six research 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 stock. According to MarketBeat, Intel currently has a consensus rating of "Hold" and an average price target of $22.30.

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.

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