MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Intel Co. (NASDAQ:INTC - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,625,096 shares of the chip maker's stock after purchasing an additional 198,217 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.13% of Intel worth $112,711,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter worth $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Price Performance
INTC traded up $0.03 on Thursday, hitting $21.55. 62,640,627 shares of the company were exchanged, compared to its average volume of 80,297,438. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $94.00 billion, a P/E ratio of -4.92 and a beta of 1.15. The business's fifty day moving average is $21.33 and its 200 day moving average is $21.70.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on INTC shares. Cantor Fitzgerald reduced their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.67.
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Intel Company Profile
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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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