Meiji Yasuda Asset Management Co Ltd. Lowers Holdings in Intel Co. (NASDAQ:INTC)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,808 shares of the chip maker's stock after selling 11,254 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Intel were worth $1,219,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% during the 3rd 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 last quarter. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter valued at about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 3.9 %

NASDAQ INTC traded down $0.91 during midday trading on Friday, hitting $22.71. 58,184,763 shares of the company traded hands, compared to its average volume of 74,652,140. 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 company has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. The company's 50-day simple moving average is $22.33 and its 200-day simple moving average is $22.15. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

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Intel (NASDAQ:INTC - Get Free Report) last released 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus 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.