Valliance Asset Management Ltd Buys Shares of 10,000 Intel Corporation (NASDAQ:INTC)

Valliance Asset Management Ltd bought a new stake in Intel Corporation (NASDAQ:INTC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,000 shares of the chip maker’s stock, valued at approximately $227,000. Intel accounts for about 0.5% of Valliance Asset Management Ltd’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds have also recently bought and sold shares of INTC. Two Sigma Advisers LP bought a new position in Intel in the 4th quarter valued at about $289,752,000. Two Sigma Investments LP bought a new position in Intel in the 4th quarter valued at about $237,457,000. Toronto Dominion Bank grew its holdings 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 valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Intel by 1,180.8% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,209,637 shares of the chip maker’s stock valued at $163,731,000 after purchasing an additional 6,646,727 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 0.1%

Intel stock opened at $20.68 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $31.47. The firm’s fifty day moving average is $21.63 and its 200 day moving average is $21.52. The company has a market capitalization of $90.21 billion, a PE ratio of -4.34 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the previous year, the company posted $0.02 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Intel from $21.00 to $24.50 and gave the company a “hold” rating in a report on Monday, July 21st. Sanford C. Bernstein decreased their price target on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday, May 21st. They set a “hold” rating and a $23.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.