Fintel reports that on July 20, 2023, Wolfe Research initiated Intel coverage (NASDAQ: INTC) with a underperform recommendation.
Analyst price forecast suggests 6.30% drop
As of July 6, 2023, the average duration of one year target price for Intel is 32.29. The forecast ranges from a low of 17.17 to a high of $47.25. The average price target represents a decline of 6.30% from its last published closing price of 34.46.
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The expected annual revenue for Intel is 62,219 million, an increase of 10.29%. The projected annual non-GAAP PES is 1.92.
What is fund sentiment?
There is 3455 funds or institutions reporting positions at Intel. This is a decrease of 84 owner(s) or 2.40% in the last quarter. Average portfolio weight of all funds dedicated to INTC is 0.46%, an increase of 25.61%. The total number of shares held by institutions has increased over the past three months by 0.83% to 2,804,087,000 shares. THE put/call ratio of the INTC is 0.58, indicating a bullish outlook.
What are the other shareholders doing?
Bank Julius Baer & Co. Ltd, Zurich holds 178,122,000 shares representing 4.27% ownership of the company. In its previous filing, the company said it held 181,000 shares, representing a raise of 99.90%. The company decreases its portfolio allocation to INTC by 4.55% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks holds 128,078,000 shares representing 3.07% ownership of the company. In its previous filing, the company stated that it holds 125,457,000 shares, representing a raise 2.05%. The company increase its portfolio allocation to INTC by 16.52% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 96,533,000 shares representing 2.31% ownership of the company. In its previous filing, the company stated that it holds 95,404,000 shares, representing a raise 1.17%. The company increase its INTC portfolio allocation of 15.99% in the last quarter.
Geode Capital Management holds 82,729,000 shares representing 1.98% ownership of the company. In its previous filing, the company stated that it held 82,217,000 shares, representing a raise by 0.62%. The company increase its INTC portfolio allocation of 15.03% in the last quarter.
Capital International Investors holds 70,314,000 shares representing 1.69% ownership of the company. In its previous filing, the company said it held 63,089,000 shares, representing a raise of 10.28%. The company increase its INTC portfolio allocation of 32.03% in the last quarter.
Intel General Information
(This description is provided by the company.)
Intel is an industry leader, creating breakthrough technology that enables global progress and enriches lives. Inspired by Moore’s Law, he works continuously to advance semiconductor design and manufacturing to help solve our customers’ greatest challenges. By integrating intelligence across the cloud, network, edge, and all types of computing devices, it unlocks the potential of data to transform businesses and society for the better.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
