Maxi Investments CY Ltd Purchases 41,530 Shares of Intel Corporation (NASDAQ:INTC)

Key Points

• Maxi Investments CY Ltd has increased its holdings in Intel Corporation by 162.9%, now owning a total of 67,017 shares worth approximately $1.52 million.
• Several large hedge funds have also made significant investments in Intel, with Toronto Dominion Bank increasing its stake by 286.8%, owning over 10.5 million shares.
• Analysts have mixed sentiments on Intel, with major firms cutting price targets as the stock holds an average rating of "Hold" and a consensus price target of $22.17.

Maxi Investments CY Ltd lifted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 162.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,017 shares of the chip maker's stock after purchasing an additional 41,530 shares during the period. Maxi Investments CY Ltd's holdings in Intel were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new position in shares of Intel in the fourth quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel in the fourth quarter worth approximately $237,457,000. Toronto Dominion Bank lifted its stake in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after acquiring an additional 7,806,882 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Intel by 1,180.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,209,637 shares of the chip maker's stock worth $163,731,000 after acquiring an additional 6,646,727 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein cut their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Mizuho lifted their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. UBS Group lifted their price objective on Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company cut their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.17.

Intel Trading Up 1.0%

NASDAQ INTC opened at $19.50 on Tuesday. The company has a market cap of $85.35 billion, a price-to-earnings ratio of -4.09 and a beta of 1.22. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The business has a 50 day moving average price of $21.57 and a 200-day moving average price of $21.52. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 for 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 revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, equities analysts expect 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.

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