S Bank Fund Management Ltd Acquires New Position in Intel Corporation (NASDAQ:INTC)

Key Points

• S Bank Fund Management Ltd has acquired a new position in Intel Corporation, purchasing 47,914 shares valued at approximately $1,088,000 in the first quarter.
• Intel's stock recently increased by 5.6%, with the current price being $21.81, reflecting its market performance amidst institutional investor activity accounting for 64.53% of the shares.
• For the last quarter, Intel reported a loss of ($0.10) EPS, missing analysts' expectations, despite a revenue of $12.86 billion which exceeded estimates of $11.88 billion.

S Bank Fund Management Ltd bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 47,914 shares of the chip maker's stock, valued at approximately $1,088,000.

A number of other hedge funds have also recently bought and sold shares of INTC. Cornerstone Advisory LLC boosted its stake in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after purchasing an additional 486 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares in the last quarter. Finally, one8zero8 LLC lifted 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 buying an additional 500 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 5.6%

Intel stock opened at $21.81 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55. The firm has a 50 day moving average price of $21.61 and a two-hundred day moving average price of $21.48. The firm has a market cap of $95.46 billion, a price-to-earnings ratio of -4.57 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last released its 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 company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 EPS. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Cfra Research raised shares of Intel to a "hold" rating in a report on Friday, April 25th. Six equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.17.

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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