Mediolanum International Funds Ltd Raises Stock Holdings in Intel Corporation (NASDAQ:INTC)

Mediolanum International Funds Ltd boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 122.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,016 shares of the chip maker’s stock after acquiring an additional 101,472 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Intel were worth $4,179,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Angeles Wealth Management LLC lifted its position in shares of Intel by 38.9% during the first quarter. Angeles Wealth Management LLC now owns 17,387 shares of the chip maker’s stock worth $395,000 after purchasing an additional 4,867 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Intel by 386.2% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 98,569 shares of the chip maker’s stock worth $2,239,000 after buying an additional 78,296 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Intel by 1.5% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,625,757 shares of the chip maker’s stock valued at $36,921,000 after buying an additional 24,271 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Intel in the 1st quarter valued at about $1,491,000. Finally, Assetmark Inc. grew its stake in Intel by 67.5% in the 1st quarter. Assetmark Inc. now owns 8,855 shares of the chip maker’s stock worth $201,000 after acquiring an additional 3,569 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $20.70 on Monday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $31.56. The company has a market cap of $90.29 billion, a PE ratio of -4.34 and a beta of 1.15. 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 business has a 50-day simple moving average of $21.64 and a two-hundred day simple moving average of $21.51.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. As a group, equities 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. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Wall Street Zen cut Intel from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research report on Wednesday, May 21st. They set a “hold” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Intel from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Friday. Finally, Stifel Nicolaus upped their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research note on Monday, July 21st. Six equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.30.

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.