Rakuten Securities Inc. Has $2.14 Million Stake in Intel Co. (NASDAQ:INTC)

Rakuten Securities Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 217.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,251 shares of the chip maker’s stock after acquiring an additional 62,461 shares during the period. Intel comprises about 0.9% of Rakuten Securities Inc.’s portfolio, making the stock its 22nd biggest position. Rakuten Securities Inc.’s holdings in Intel were worth $2,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. William B. Walkup & Associates Inc. acquired a new position in shares of Intel in the second quarter valued at approximately $2,178,000. Fortis Group Advisors LLC grew its holdings in Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after acquiring an additional 157,991 shares during the last quarter. Private Advisory Group LLC acquired a new position in Intel in the 3rd quarter valued at approximately $8,045,000. Tyler Stone Wealth Management raised its stake in shares of Intel by 105.4% during the third quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock valued at $968,000 after acquiring an additional 21,177 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Intel by 1,110.8% during the third quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after purchasing an additional 45,432 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several analyst reports. Barclays lowered their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Susquehanna dropped their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Mizuho increased their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Intel Stock Down 4.4 %

INTC stock opened at $25.05 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market capitalization of $108.04 billion, a PE ratio of -6.73 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $22.28 and a two-hundred day simple moving average of $26.48.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts predict that Intel Co. will post -0.83 EPS for the current fiscal 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.