Mitsubishi UFJ Trust & Banking Corp Sells 107,886 Shares of Intel Co. (NASDAQ:INTC)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Intel Co. (NASDAQ:INTC - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,922,280 shares of the chip maker's stock after selling 107,886 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Intel were worth $38,542,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, Quest Partners LLC grew its position in 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. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Intel stock traded down $0.91 during mid-day trading on Friday, reaching $22.71. The company's stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. The firm's fifty day moving average price is $22.33 and its two-hundred day moving average price is $22.15. 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 12-month low of $18.51 and a 12-month high of $45.41. The company has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Sell-side analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on INTC shares. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald raised their price target on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.