Daiwa Securities Group Inc. Sells 45,438 Shares of Intel Co. (NASDAQ:INTC)

Daiwa Securities Group Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,168,920 shares of the chip maker’s stock after selling 45,438 shares during the period. Daiwa Securities Group Inc.’s holdings in Intel were worth $23,434,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Intel by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after acquiring an additional 2,248,342 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Intel by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock valued at $613,855,000 after acquiring an additional 86,483 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Performance

Intel stock opened at $19.93 on Tuesday. The stock’s 50 day simple moving average is $21.30 and its two-hundred day simple 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. The stock has a market cap of $86.30 billion, a price-to-earnings ratio of -4.55 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly 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%. As a group, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal 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.