Mufg Securities Americas Inc. Takes Position in Intel Co. (NASDAQ:INTC)

Mufg Securities Americas Inc. bought a new position in Intel Co. (NASDAQ:INTC) during the fourth quarter, Holdings Channel reports. The fund bought 63,667 shares of the chip maker’s stock, valued at approximately $1,277,000.

Other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC increased its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its stake in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after purchasing an additional 456 shares during the period. CFM Wealth Partners LLC grew its position in 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 in the last quarter. Ausdal Financial Partners Inc. raised its stake in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares during the period. Finally, Wealth Quarterback LLC raised 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. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

NASDAQ INTC opened at $21.52 on Thursday. The company has a market cap of $93.87 billion, a P/E ratio of -4.91 and a beta of 1.15. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $21.33 and a 200 day simple moving average of $21.70.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. On average, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Truist Financial dropped their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, April 25th. Rosenblatt Securities decreased their price target on shares of Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.67.

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.