National Pension Service Has $221.73 Million Holdings in Intel Corporation (NASDAQ:INTC)

National Pension Service boosted its holdings in Intel Corporation (NASDAQ:INTC) by 9.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,763,512 shares of the chip maker’s stock after acquiring an additional 856,503 shares during the quarter. National Pension Service’s holdings in Intel were worth $221,729,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Klingman & Associates LLC raised its position in Intel by 43.1% in the first quarter. Klingman & Associates LLC now owns 23,682 shares of the chip maker’s stock valued at $538,000 after purchasing an additional 7,130 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new position in Intel in the first quarter valued at about $3,125,000. Persistent Asset Partners Ltd bought a new position in Intel in the first quarter valued at about $227,000. Resona Asset Management Co. Ltd. raised its position in Intel by 3.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,486,533 shares of the chip maker’s stock valued at $33,759,000 after purchasing an additional 50,643 shares during the last quarter. Finally, Telligent Fund LP bought a new position in Intel in the first quarter valued at about $3,406,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. Mizuho raised their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Barclays restated a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Wall Street Zen downgraded 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 research report on Friday, April 25th. Finally, Stifel Nicolaus raised their price objective on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research report on Monday, July 21st. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.17.

Intel Trading Up 5.6%

NASDAQ INTC opened at $21.81 on Wednesday. The company has a market cap of $95.46 billion, a price-to-earnings ratio of -4.57 and a beta of 1.22. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The business has a 50 day moving average price of $21.61 and a 200-day moving average price of $21.48. 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 (NASDAQ:INTC) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. As a group, equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.