QSM Asset Management Ltd Acquires New Stake in Intel Co. (NASDAQ:INTC)

QSM Asset Management Ltd bought a new position in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 352,574 shares of the chip maker's stock, valued at approximately $7,011,000. Intel comprises 6.0% of QSM Asset Management Ltd's portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at $29,000. Finally, Conquis Financial LLC purchased a new position in Intel during the 4th quarter valued at $32,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

NASDAQ INTC traded down $0.80 on Friday, reaching $19.46. 61,597,990 shares of the stock traded hands, compared to its average volume of 81,041,568. The company has a market cap of $84.86 billion, a price-to-earnings ratio of -4.45 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm's fifty day simple moving average is $20.77 and its 200 day simple moving average is $21.47. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm's revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Cantor Fitzgerald decreased their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company cut their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Rosenblatt Securities decreased their target price on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average target price of $21.57.

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.