Intel Co. (NASDAQ:INTC) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Intel Co. (NASDAQ:INTC) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,625,096 shares of the chip maker’s stock after acquiring an additional 198,217 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Intel were worth $112,711,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Czech National Bank lifted its holdings in Intel by 7.6% during the 4th quarter. Czech National Bank now owns 935,144 shares of the chip maker’s stock worth $18,750,000 after buying an additional 65,911 shares in the last quarter. Matrix Trust Co raised its holdings in shares of Intel by 669.0% in the 4th quarter. Matrix Trust Co now owns 4,845 shares of the chip maker’s stock valued at $97,000 after purchasing an additional 4,215 shares in the last quarter. Clark & Stuart Inc acquired a new stake in shares of Intel in the 4th quarter valued at $385,000. Fiduciary Alliance LLC raised its holdings in shares of Intel by 34.7% in the 4th quarter. Fiduciary Alliance LLC now owns 60,688 shares of the chip maker’s stock valued at $1,217,000 after purchasing an additional 15,650 shares in the last quarter. Finally, City State Bank raised its holdings in shares of Intel by 39.0% in the 4th quarter. City State Bank now owns 10,384 shares of the chip maker’s stock valued at $208,000 after purchasing an additional 2,915 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 3.5%

Shares of NASDAQ:INTC opened at $22.18 on Tuesday. The company has a market cap of $96.75 billion, a price-to-earnings ratio of -5.06 and a beta of 1.15. The firm’s 50-day simple moving average is $21.27 and its 200-day simple moving average is $21.69. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Rosenblatt Securities reduced their price objective on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a report on Friday, April 25th. Finally, StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.23.

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.