Mirae Asset Global Investments Co. Ltd. Has $93.90 Million Holdings in Intel Corporation (NASDAQ:INTC)

Mirae Asset Global Investments Co. Ltd. lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,134,811 shares of the chip maker's stock after acquiring an additional 216,783 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Intel worth $93,902,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Lake Street Advisors Group LLC lifted its stake in Intel by 60.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 20,950 shares of the chip maker's stock valued at $420,000 after acquiring an additional 7,884 shares during the last quarter. Advisor OS LLC lifted its stake in Intel by 8.1% in the fourth quarter. Advisor OS LLC now owns 10,474 shares of the chip maker's stock valued at $210,000 after acquiring an additional 783 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Intel in the fourth quarter valued at approximately $64,000. New York Life Investment Management LLC lifted its stake in Intel by 1.3% in the fourth quarter. New York Life Investment Management LLC now owns 669,836 shares of the chip maker's stock valued at $13,430,000 after acquiring an additional 8,412 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Intel in the fourth quarter valued at approximately $1,789,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Rosenblatt Securities reduced their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. UBS Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley decreased their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.57.

Intel Stock Performance

Shares of INTC stock traded up $0.19 on Friday, hitting $22.69. The company's stock had a trading volume of 95,427,163 shares, compared to its average volume of 85,486,298. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a market capitalization of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. The stock's 50 day moving average is $20.81 and its 200-day moving average is $21.13. 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 (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.