National Pension Service Purchases 951,230 Shares of Intel Co. (NASDAQ:INTC)

National Pension Service boosted its position in Intel Co. (NASDAQ:INTC) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,262,173 shares of the chip maker’s stock after buying an additional 951,230 shares during the quarter. National Pension Service’s holdings in Intel were worth $193,831,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new position in Intel in the second quarter valued at about $2,178,000. Fortis Group Advisors LLC boosted its holdings in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after acquiring an additional 157,991 shares during the last quarter. Private Advisory Group LLC bought a new position in Intel in the third quarter valued at about $8,045,000. Sanibel Captiva Trust Company Inc. boosted its holdings in Intel by 21.1% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after buying an additional 48,765 shares during the last quarter. Finally, Forsta AP Fonden boosted its holdings in Intel by 4.6% during the third quarter. Forsta AP Fonden now owns 949,146 shares of the chip maker’s stock worth $22,267,000 after buying an additional 41,900 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on INTC shares. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday. UBS Group reduced their target price on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday. Finally, Cantor Fitzgerald reduced their target price on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Down 2.6 %

NASDAQ:INTC opened at $22.60 on Monday. The firm has a market capitalization of $96.64 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $26.90. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities research analysts expect that Intel Co. will post -0.47 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.