Mufg Securities Americas Inc. Makes New $1.28 Million Investment in Intel Co. (NASDAQ:INTC)

Mufg Securities Americas Inc. acquired a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 63,667 shares of the chip maker's stock, valued at approximately $1,277,000.

Other institutional investors have also recently modified their holdings of the company. Finley Financial LLC purchased a new stake in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Rosenblatt Securities lowered their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $21.67.

Intel Stock Up 0.5%

Shares of Intel stock traded up $0.11 during trading on Friday, reaching $21.66. The company had a trading volume of 55,062,379 shares, compared to its average volume of 80,502,901. The company has a market cap of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15. The firm's fifty day moving average is $21.40 and its 200-day moving average is $21.68. 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 fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 EPS. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Intel 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.