Resona Asset Management Co. Ltd. Invests $28.84 Million in Intel Co. (NASDAQ:INTC)

Resona Asset Management Co. Ltd. acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,435,890 shares of the chip maker's stock, valued at approximately $28,837,000.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. Dunhill Financial LLC increased its position in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after buying an additional 438 shares during the last quarter. CFM Wealth Partners LLC grew its stake in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after acquiring an additional 500 shares during the period. Ausdal Financial Partners Inc. increased its holdings in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares during the last quarter. Wealth Quarterback LLC raised its stake in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co lifted its holdings in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock valued at $314,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INTC shares. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Four equities 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.58.

Intel Trading Up 18.8 %

Shares of NASDAQ INTC traded up $3.40 during midday trading on Wednesday, reaching $21.53. The company had a trading volume of 223,281,105 shares, compared to its average volume of 77,258,527. The firm's fifty day moving average price is $22.35 and its 200-day moving average price is $22.14. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $17.67 and a one year high of $38.22. The stock has a market cap of $93.88 billion, a PE ratio of -4.92 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

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.