Raiffeisen Bank International AG Buys 32,647 Shares of Intel Corporation (NASDAQ:INTC)

Key Points

• Raiffeisen Bank International AG increased its stake in Intel Corporation by 4.6% in Q1, acquiring an additional 32,647 shares for a total holding of 742,799 shares valued at approximately $16.87 million.
• Recent analyst ratings on Intel show a mixed outlook, with six analysts rating the stock as a sell, 24 as a hold, and one as a buy, reflecting the company's average rating of "Hold" and a price target of around $22.17.
• Intel reported a quarterly loss of ($0.10) EPS, missing expectations, although its revenue of $12.86 billion exceeded projections, indicating a slight year-over-year growth of 0.5%.

Raiffeisen Bank International AG lifted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742,799 shares of the chip maker's stock after acquiring an additional 32,647 shares during the quarter. Raiffeisen Bank International AG's holdings in Intel were worth $16,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Cornerstone Advisory LLC grew its position 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 acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its position in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. grew its position in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the last quarter. Finally, one8zero8 LLC grew its position in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTC. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Finally, Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price objective for the company. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average price target of $22.17.

Intel Stock Down 2.5%

Shares of NASDAQ:INTC opened at $19.31 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The stock has a fifty day simple moving average of $21.58 and a two-hundred day simple moving average of $21.52. 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 market capitalization of $84.52 billion, a price-to-earnings ratio of -4.05 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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). The business 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 for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. On average, research analysts anticipate that Intel Corporation will post -0.11 earnings per share 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.

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