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Intel Corporation (NASDAQ:INTC) Shares Bought by Resona Asset Management Co. Ltd.

Intel logo with Computer and Technology background

Resona Asset Management Co. Ltd. boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,486,533 shares of the chip maker's stock after buying an additional 50,643 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Intel were worth $33,759,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Advisory LLC grew its stake in shares of Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. Finally, one8zero8 LLC grew its stake in shares of Intel by 4.2% in the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Intel stock opened at $20.68 on Tuesday. The firm has a market capitalization of $90.52 billion, a P/E ratio of -4.34 and a beta of 1.22. The stock has a fifty day moving average price of $21.58 and a 200 day moving average price of $21.48. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business's revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Susquehanna lowered their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus lifted their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Wall Street Zen downgraded Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, UBS Group lifted their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.17.

Check Out Our Latest Stock Report on Intel

Intel Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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