Rakuten Securities Inc. Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Rakuten Securities Inc. lessened its holdings in Intel Co. (NASDAQ:INTC) by 42.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,658 shares of the chip maker’s stock after selling 38,593 shares during the period. Rakuten Securities Inc.’s holdings in Intel were worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. Geode Capital Management LLC lifted its stake in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its stake in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $276,000. Finally, Swiss National Bank lifted its stake in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Citigroup dropped 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. Truist Financial dropped their price target 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. Finally, Roth Mkm dropped their price target 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. 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’s stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $26.88.

Intel Trading Down 0.8 %

Intel stock opened at $19.78 on Wednesday. The firm’s 50-day moving average is $21.29 and its 200-day moving average is $21.81. 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 1 year low of $18.51 and a 1 year high of $45.41. The company has a market cap of $85.65 billion, a P/E ratio of -4.52 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current 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.