Schroder Investment Management Group has significantly increased its stake in Intel Corporation, raising its position by 60.2% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the investment firm now owns 8,317,249 shares of the semiconductor giant after acquiring an additional 3,124,238 shares in the quarter. As of the latest filing, these shares are valued at approximately $186.3 million.
This move comes as other institutional investors also adjust their holdings in Intel. Notably, Norges Bank purchased a new position worth around $1.58 billion in Intel during the same quarter. Meanwhile, Vanguard Group Inc. increased its holdings by 2.3%, bringing its total to 385,903,735 shares valued at about $8.64 billion. Other firms such as Westbourne Investments Inc. and Pacific Wealth Management have also made strategic acquisitions, indicating a growing institutional interest in Intel.
Market Performance and Analyst Ratings
Intel’s stock has shown positive momentum, opening at $40.68 on the last trading day. The company has experienced a 52-week low of $17.67 and a 52-week high of $42.48. Current financial metrics include a quick ratio of 1.25, a current ratio of 1.60, and a debt-to-equity ratio of 0.38. Intel’s market capitalization stands at approximately $194.3 billion, with a price-to-earnings ratio of 4,071.57.
Equities research analysts have recently updated their ratings, reflecting mixed sentiments about the stock’s future performance. New Street Research raised its price target from $23.00 to $32.00 on September 19, while Benchmark increased its target from $43.00 to $50.00 on October 24. Conversely, DZ Bank reiterated a “sell” rating during the same period. Currently, two analysts have rated the stock as a “buy,” twenty-four as a “hold,” and eight as a “sell.” The consensus rating is classified as “Reduce,” with an average price target of $34.84 according to MarketBeat.
About Intel Corporation
Intel Corporation is a leading player in the global technology sector, focusing on designing, developing, manufacturing, and marketing computing products and related services. Its operations are segmented into several areas, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company offers a diverse product range that includes central processing units (CPUs), chipsets, system-on-chips, mobile and desktop processors, graphics processing units (GPUs), and memory storage products.
As institutional interest in Intel grows, the dynamics of the semiconductor market continue to evolve, suggesting a potentially promising outlook for both the company and its shareholders. To stay updated on Intel and other significant market movements, investors can refer to resources like HoldingsChannel.com and MarketBeat for the latest news and analyst ratings.
