SBI Securities Co. Ltd. Buys New Stake in Intel Co. (NASDAQ:INTC)

SBI Securities Co. Ltd. purchased a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 432,987 shares of the chip maker’s stock, valued at approximately $8,681,000.

Other hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV raised its holdings in shares of Intel by 152.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock worth $1,555,000 after acquiring an additional 39,978 shares in the last quarter. Gladstone Institutional Advisory LLC raised its stake in Intel by 29.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock valued at $1,365,000 after purchasing an additional 13,270 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its stake in Intel by 13.2% during the third quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker’s stock valued at $4,422,000 after purchasing an additional 22,049 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Intel by 32.6% during the third quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock valued at $1,287,000 after purchasing an additional 13,496 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Intel by 1.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker’s stock worth $1,081,000 after buying an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $23.74 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The stock has a 50-day moving average of $21.21 and a 200 day moving average of $21.79. The stock has a market capitalization of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08.

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 return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.