Mitsubishi UFJ Asset Management Co. Ltd. Has $146.16 Million Position in Intel Co. (NASDAQ:INTC)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Intel Co. (NASDAQ:INTC) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,109,033 shares of the chip maker’s stock after buying an additional 463,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Intel worth $146,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC increased its position 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 worth $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. raised its stake in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Intel in the fourth quarter valued at $276,000. Finally, InvesTrust bought a new stake in Intel during the fourth quarter valued at $3,696,000. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 0.9 %

Shares of Intel stock opened at $23.62 on Friday. The company’s 50-day moving average price is $22.30 and its 200-day moving average price is $22.10. The company has a market cap of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.04.

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.