Global X Japan Co. Ltd. Reduces Position in Intel Co. (NASDAQ:INTC)

Global X Japan Co. Ltd. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,916 shares of the chip maker’s stock after selling 77,526 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Intel were worth $3,006,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth about $29,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment lifted its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on INTC shares. Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

NASDAQ:INTC opened at $19.38 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $22.12. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63.

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%. Analysts expect that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Intel Company 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.