Nissay Asset Management Corp Japan ADV Sells 38,253 Shares of Intel Co. (NASDAQ:INTC)

Nissay Asset Management Corp Japan ADV decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,370,496 shares of the chip maker's stock after selling 38,253 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Intel were worth $27,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Matrix Trust Co increased its position in shares of Intel by 669.0% during the 4th quarter. Matrix Trust Co now owns 4,845 shares of the chip maker's stock valued at $97,000 after purchasing an additional 4,215 shares during the last quarter. Fiduciary Alliance LLC increased its stake in Intel by 34.7% in the 4th quarter. Fiduciary Alliance LLC now owns 60,688 shares of the chip maker's stock worth $1,217,000 after buying an additional 15,650 shares during the period. City State Bank increased its stake in Intel by 39.0% in the 4th quarter. City State Bank now owns 10,384 shares of the chip maker's stock worth $208,000 after buying an additional 2,915 shares during the period. Claro Advisors LLC purchased a new position in Intel in the 4th quarter worth about $260,000. Finally, Elevated Capital Advisors LLC purchased a new position in Intel in the 4th quarter worth about $209,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent analyst reports. Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities decreased their price objective on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Wedbush lowered their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $21.67.

Intel Stock Up 1.7%

Shares of INTC stock opened at $22.56 on Wednesday. The stock's 50-day simple moving average is $21.31 and its 200-day simple moving average is $21.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $98.41 billion, a PE ratio of -5.15 and a beta of 1.15. 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 announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 return on equity of 3.27% and a negative net margin of 35.32%. The company's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. Equities analysts expect 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.

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