Rheos Capital Works Inc. Raises Stake in Intel Co. (NASDAQ:INTC)

Rheos Capital Works Inc. raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 263.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,007,000 shares of the chip maker's stock after purchasing an additional 730,000 shares during the period. Intel comprises about 1.9% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 20th largest position. Rheos Capital Works Inc.'s holdings in Intel were worth $22,869,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Moss Adams Wealth Advisors LLC purchased a new position in Intel in the first quarter valued at about $266,000. NewSquare Capital LLC boosted its stake in shares of Intel by 32.4% in the first quarter. NewSquare Capital LLC now owns 3,727 shares of the chip maker's stock valued at $85,000 after purchasing an additional 912 shares during the period. Courier Capital LLC boosted its stake in shares of Intel by 10.1% in the first quarter. Courier Capital LLC now owns 92,337 shares of the chip maker's stock valued at $2,097,000 after purchasing an additional 8,469 shares during the period. CGC Financial Services LLC grew its holdings in Intel by 103.4% during the 1st quarter. CGC Financial Services LLC now owns 7,505 shares of the chip maker's stock valued at $170,000 after purchasing an additional 3,816 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new stake in Intel during the 1st quarter worth $65,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 0.4%

Shares of Intel stock traded up $0.09 during trading on Thursday, reaching $20.77. 78,038,486 shares of the company traded hands, compared to its average volume of 83,077,625. The firm has a market capitalization of $90.60 billion, a PE ratio of -4.74 and a beta of 1.12. The company has a 50 day moving average price of $20.37 and a 200-day moving average price of $21.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $17.67 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the company posted $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley reduced their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.57.

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.