Russell Investments Group Ltd. Has $45 Million Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Russell Investments Group Ltd. reduced its stake in Intel Corporation by 26.6%, selling 717,608 shares and now holding 1,981,323 shares valued at approximately $44.996 million.
• Several analysts have recently updated their price targets for Intel, with UBS Group raising theirs to $25.00 and Rosenblatt Securities reiterating a sell rating with a target of $14.00.
• Intel's stock was up 2.9% to $24.56, despite reporting a loss of ($0.10) earnings per share, which missed analysts' expectations, while revenue reached $12.86 billion for the quarter.

Russell Investments Group Ltd. reduced its position in Intel Corporation (NASDAQ:INTC - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,981,323 shares of the chip maker's stock after selling 717,608 shares during the quarter. Russell Investments Group Ltd.'s holdings in Intel were worth $44,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in Intel in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel in the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel in the first quarter valued at about $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Finally, PrairieView Partners LLC grew its holdings in shares of Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after purchasing an additional 608 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Wall Street Zen lowered Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. UBS Group upped their target price on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.17.

Intel Price Performance

Shares of NASDAQ:INTC traded up $0.70 on Friday, reaching $24.56. 309,327,791 shares of the company traded hands, compared to its average volume of 103,883,248. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The company's 50 day moving average is $21.81 and its 200-day moving average is $21.56. The stock has a market capitalization of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the company posted $0.02 EPS. Intel's revenue was up .5% on a year-over-year basis. As a group, analysts anticipate 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.