Greenwoods Asset Management Hong Kong Ltd. Takes Position in Intel Corporation $INTC

Greenwoods Asset Management Hong Kong Ltd. acquired a new stake in Intel Corporation (NASDAQ:INTC) during the first quarter, HoldingsChannel reports. The firm acquired 2,179,995 shares of the chip maker’s stock, valued at approximately $49,508,000. Intel comprises about 1.5% of Greenwoods Asset Management Hong Kong Ltd.’s investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds have also made changes to their positions in INTC. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel in the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel in the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the 4th quarter valued at about $27,000. Finally, PrairieView Partners LLC boosted its position in shares of Intel by 77.0% in the 1st 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 period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $23.66 on Tuesday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a market capitalization of $103.56 billion, a P/E ratio of -4.96 and a beta of 1.22. The business has a 50 day moving average price of $21.88 and a 200 day moving average price of $21.60. 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) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share 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 return on equity of 3.78% and a negative net margin of 38.64%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Finally, Citigroup reaffirmed a “hold” rating on shares of Intel in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.17.

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.