Daiwa Securities Group Inc. Lowers Holdings in Intel Co. (NASDAQ:INTC)

Daiwa Securities Group Inc. lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC boosted its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 3.6 %

Shares of NASDAQ:INTC traded up $0.71 during trading on Wednesday, reaching $20.49. 74,748,913 shares of the company were exchanged, compared to its average volume of 98,262,320. The firm has a market capitalization of $88.73 billion, a PE ratio of -4.68 and a beta of 1.02. The business's fifty day simple moving average is $21.29 and its 200-day simple moving average is $21.81. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

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Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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, research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Barclays dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Five research 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.88.

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.