Penserra Capital Management LLC Has $19.56 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Penserra Capital Management LLC lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 33.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 861,150 shares of the chip maker's stock after buying an additional 215,060 shares during the period. Penserra Capital Management LLC's holdings in Intel were worth $19,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the fourth quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel during the first quarter worth $30,000. Olde Wealth Management LLC acquired a new stake in shares of Intel during the first quarter worth $31,000. Conquis Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Intel during the first quarter worth $32,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a report on Wednesday, April 30th. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.76.

Intel Stock Down 2.2%

Shares of INTC traded down $0.49 during trading hours on Monday, hitting $22.00. 80,616,506 shares of the company were exchanged, compared to its average volume of 86,351,705. The company has a market cap of $95.96 billion, a PE ratio of -4.91 and a beta of 1.15. The firm's 50 day moving average is $21.04 and its 200-day moving average is $21.21. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16. 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 released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. On average, equities research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal 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.