Y.D. More Investments Ltd Buys New Shares in Intel Corporation (NASDAQ:INTC)

Key Points

• Y.D. More Investments Ltd acquired 17,850 shares of Intel Corporation for around $405,000, marking a new position in the company during the first quarter of the year.
• Despite a mixed performance, Intel reported a quarterly revenue of $12.86 billion, exceeding analysts' expectations of $11.88 billion, although it posted a loss of ($0.10) earnings per share.
• Hedge funds and institutional investors hold 64.53% of Intel's stock, reflecting significant interest from large financial entities amidst fluctuating analyst ratings and price targets.

Y.D. More Investments Ltd bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,850 shares of the chip maker's stock, valued at approximately $405,000.

Several other large investors also recently bought and sold shares of INTC. Federated Hermes Inc. grew its stake in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares in the last quarter. FMR LLC lifted its holdings in Intel by 4.3% during the 4th quarter. FMR LLC now owns 5,878,501 shares of the chip maker's stock worth $117,864,000 after buying an additional 242,544 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Intel by 4.0% during the 4th quarter. Cerity Partners LLC now owns 875,963 shares of the chip maker's stock worth $17,882,000 after acquiring an additional 33,390 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $53,465,000. Finally, Bessemer Group Inc. raised its position in shares of Intel by 1.1% during the 4th quarter. Bessemer Group Inc. now owns 63,101 shares of the chip maker's stock worth $1,265,000 after acquiring an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

INTC opened at $19.77 on Friday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The company's 50 day simple moving average is $21.56 and its 200 day simple moving average is $21.51. The stock has a market capitalization of $86.53 billion, a PE ratio of -4.14 and a beta of 1.22. 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 (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna dropped their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. raised their price objective on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $22.17.

About Intel

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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