Korea Investment CORP Has $57.29 Million Holdings in Intel Co. (NASDAQ:INTC)

Korea Investment CORP trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,857,127 shares of the chip maker’s stock after selling 384,223 shares during the period. Korea Investment CORP’s holdings in Intel were worth $57,285,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of INTC. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Townsquare Capital LLC boosted its stake in Intel by 2.7% in the third quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock valued at $1,434,000 after acquiring an additional 1,633 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in Intel by 104.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock worth $1,427,000 after acquiring an additional 31,143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Intel by 12.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,414,459 shares of the chip maker’s stock valued at $56,643,000 after acquiring an additional 263,429 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Intel by 6.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,292,089 shares of the chip maker’s stock valued at $30,312,000 after purchasing an additional 78,500 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of INTC opened at $23.62 on Friday. The company’s 50-day moving average is $22.30 and its 200-day moving average is $22.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $102.27 billion, a PE ratio of -5.39 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on INTC. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.04.

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.