Iyo Bank Ltd. Makes New $290,000 Investment in Intel Co. (NASDAQ:INTC)

Iyo Bank Ltd. acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,470 shares of the chip maker’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Dunhill Financial LLC lifted its position in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the last quarter. Beaton Management Co. Inc. increased its stake in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the period. CFM Wealth Partners LLC lifted its position in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its stake in Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after buying an additional 550 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $22.99 on Wednesday. The business has a fifty day moving average of $20.96 and a 200-day moving average of $21.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The firm has a market cap of $99.55 billion, a PE ratio of -5.25 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTC. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $26.88.

About Intel

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.