Intel Corporation (NASDAQ:INTC) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,193 shares of the chip maker’s stock after purchasing an additional 9,060 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intel were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Townsquare Capital LLC raised its position in shares of Intel by 12.3% during the 4th quarter. Townsquare Capital LLC now owns 68,607 shares of the chip maker’s stock worth $1,376,000 after purchasing an additional 7,498 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Intel in the 4th quarter valued at approximately $270,000. Advisors Capital Management LLC increased its position in Intel by 19.6% in the 4th quarter. Advisors Capital Management LLC now owns 10,894 shares of the chip maker’s stock valued at $218,000 after acquiring an additional 1,786 shares during the period. SageView Advisory Group LLC increased its position in Intel by 72.1% in the 4th quarter. SageView Advisory Group LLC now owns 16,086 shares of the chip maker’s stock valued at $323,000 after acquiring an additional 6,741 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Intel in the 4th quarter valued at approximately $490,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. Wall Street Zen cut Intel from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Wedbush lowered their target price on Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Finally, Loop Capital began coverage on Intel in a research report on Monday, July 21st. They issued a “hold” rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.17.

Intel Stock Performance

Shares of Intel stock opened at $22.22 on Thursday. The stock has a market cap of $97.26 billion, a PE ratio of -4.66 and a beta of 1.22. The business has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $21.49. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 EPS 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.