Alpha Family Trust Takes Position in Intel Corporation $INTC

Alpha Family Trust acquired a new position in shares of Intel Corporation (NASDAQ:INTC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 27,680 shares of the chip maker’s stock, valued at approximately $629,000.

Other large investors have also modified their holdings of the company. XTX Topco Ltd purchased a new position in Intel in the fourth quarter valued at about $490,000. Capital International Sarl boosted its position in shares of Intel by 4.1% in the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker’s stock worth $260,000 after buying an additional 510 shares during the period. Capital International Inc. CA boosted its position in shares of Intel by 36.8% in the fourth quarter. Capital International Inc. CA now owns 155,345 shares of the chip maker’s stock worth $3,115,000 after buying an additional 41,780 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Intel by 8.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 321,726 shares of the chip maker’s stock worth $6,451,000 after buying an additional 24,945 shares during the period. Finally, Norinchukin Bank The boosted its holdings in Intel by 3.3% in the 4th quarter. Norinchukin Bank The now owns 227,481 shares of the chip maker’s stock worth $4,561,000 after acquiring an additional 7,215 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 2.9%

INTC opened at $24.56 on Monday. The business has a 50 day moving average price of $21.81 and a 200 day moving average price of $21.57. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market cap of $107.50 billion, a P/E ratio of -5.15 and a beta of 1.22.

Intel (NASDAQ:INTC) last issued its quarterly 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 quarterly 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. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on INTC. Morgan Stanley decreased their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Cfra Research upgraded Intel to a “hold” rating in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target for the company. Rosenblatt Securities reissued a “sell” rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Finally, Citigroup restated a “hold” rating on shares of Intel in a research note on Tuesday, July 8th. Six investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus 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.