E Fund Management Co. Ltd. Has $2.81 Million Position in Intel Co. (NASDAQ:INTC)

E Fund Management Co. Ltd. increased its stake in shares of Intel Co. (NASDAQ:INTC) by 38.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 140,346 shares of the chip maker’s stock after buying an additional 38,850 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Intel were worth $2,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at approximately $29,000. Finally, Quest Partners LLC lifted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 0.3 %

INTC opened at $20.75 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. 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’s fifty day moving average price is $21.29 and its two-hundred day moving average price is $21.81. The company has a market capitalization of $89.85 billion, a P/E ratio of -4.74 and a beta of 1.02.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTC. JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald lifted their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.88.

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.