ASR Vermogensbeheer N.V. Buys Shares of 457,185 Intel Corporation (NASDAQ:INTC)

ASR Vermogensbeheer N.V. purchased a new position in shares of Intel Corporation (NASDAQ:INTC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 457,185 shares of the chip maker’s stock, valued at approximately $10,383,000.

Other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP acquired a new stake in Intel during the fourth quarter valued at approximately $289,752,000. Two Sigma Investments LP bought a new position in shares of Intel in the fourth quarter valued at $237,457,000. Goldman Sachs Group Inc. lifted its position in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock worth $8,570,537,000 after acquiring an additional 8,291,233 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 1.1%

NASDAQ:INTC opened at $20.41 on Thursday. The company has a market capitalization of $89.33 billion, a P/E ratio of -4.28 and a beta of 1.22. The stock’s 50 day moving average price is $21.56 and its 200 day moving average price is $21.51. 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 Corporation has a 52 week low of $17.67 and a 52 week high of $27.55.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to the consensus estimate 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 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. On average, research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INTC shares. Wall Street Zen lowered Intel from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Cfra Research upgraded Intel to a “hold” rating in a report on Friday, April 25th. Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 target price on shares of Intel in a report on Friday, July 25th. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Stifel Nicolaus upped their price target on shares of Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research report on Monday, July 21st. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.17.

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.