Intel Corporation (NASDAQ:INTC) Stake Boosted by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its stake in Intel Corporation by 122.9%, acquiring an additional 101,472 shares, bringing its total holdings to 184,016 shares valued at approximately $4.18 million.
• Intel reported a quarterly earnings loss of ($0.10) per share, missing expectations, while revenues reached $12.86 billion, exceeding analysts' forecasts of $11.88 billion.
• Analysts have mixed views on Intel, with several firms lowering their price targets; the consensus rating is "Hold" with an average target price of $22.30.

Mediolanum International Funds Ltd boosted its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 122.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,016 shares of the chip maker's stock after acquiring an additional 101,472 shares during the quarter. Mediolanum International Funds Ltd's holdings in Intel were worth $4,179,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cornerstone Advisory LLC grew its stake in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Intel by 1.0% in the 4th 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 during the period. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the period. Finally, Capital International Sarl raised its stake in Intel by 4.1% during the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after acquiring an additional 510 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on INTC shares. Mizuho upped their price objective on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. increased their target price on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. Finally, UBS Group raised their price objective on Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Six research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.30.

Intel Stock Down 2.0%

Shares of INTC traded down $0.40 during midday trading on Thursday, reaching $19.94. 40,800,250 shares of the company were exchanged, compared to its average volume of 93,421,914. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $30.87. The company has a market cap of $87.28 billion, a price-to-earnings ratio of -4.19 and a beta of 1.15. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $21.61 and a 200-day moving average price of $21.51.

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

Intel 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.