Sumitomo Mitsui Trust Group Inc. Sells 210,372 Shares of Intel Co. (NASDAQ:INTC)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,170,150 shares of the chip maker’s stock after selling 210,372 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Intel were worth $203,912,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Finley Financial LLC bought a new position in Intel during the fourth quarter valued at $25,000. Quest Partners LLC lifted its stake in 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 purchased a new stake in shares of Intel during the fourth quarter valued at about $31,000. Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new stake in shares of Intel during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several analyst reports. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Roth Mkm decreased 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, Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.60.

Intel Trading Down 1.4 %

NASDAQ INTC opened at $19.10 on Friday. The firm’s 50-day moving average is $20.41 and its two-hundred day moving average is $22.10. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $82.38 billion, a P/E ratio of -4.36, a PEG ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.

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.