Korea Investment CORP Decreases Holdings in Intel Corporation $INTC

Korea Investment CORP trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 7.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,633,379 shares of the chip maker's stock after selling 223,748 shares during the period. Korea Investment CORP owned 0.06% of Intel worth $59,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other institutional investors also recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the 4th quarter valued at about $27,000. Finally, PrairieView Partners LLC lifted its holdings in shares of Intel by 77.0% in the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after purchasing an additional 608 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on INTC shares. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Stifel Nicolaus upped their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $22.17.

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View Our Latest Analysis on Intel

Intel Price Performance

Shares of NASDAQ:INTC opened at $23.66 on Tuesday. The business's fifty day moving average price is $21.88 and its two-hundred day moving average price is $21.60. The stock has a market cap of $103.56 billion, a PE ratio of -4.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a one year low of $17.67 and a one year high of $27.55.

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Intel (NASDAQ:INTC - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. Intel's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. On average, analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

About Intel

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.

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